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=MARKET BUZZ: Malaysia KLCI Trims Gains To 0.3%, Close Above 1685 Watched

KUALA LUMPUR (Jan 17) -- Malaysia KLCI trims gains, now up 0.3% at 1677.89, amid gains in most Asian markets; Dialog Group rises 2.4% to MYR2.97 to lead index gainers. Overall, gainers outnumber losers 357-to-240 with more than one billion shares worth MYR632 million changing hands. Outside Malaysia, Nikkei Asia300 Index is up 0.3%. There’s buying interest for tech stocks in broader market, though it’s mostly due to their recent declines that turned them attractive picks, says a dealer with a local brokerage. Adds, investors preparing for pre-Chinese New Year rally and “a close above 1685 today would be a good sign.”

- By Jason NG; Jason.Ng@NikkeiNewsRise.com; +60320267363
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