=MARKET BUZZ: Malaysia's KLCI Up 0.5%; 1730 Resistance Tipped
KUALA LUMPUR (Nov 08) -- Malaysia's benchmark KLCI up 0.5% at 1723.55 as Asian stocks track overnight rally on Wall Street. Petronas Dagangan biggest percentage gainer on the index, now up 1.9% to MYR28.26. In broader market, gainers outpace losers 363-to-107; about 416 million shares change hands so far in deals worth MYR221.79 million. Bank Negara Malaysia likely to stand pat at policy review, Nikkei Markets survey suggests. "Buying support could spill over to local stocks, refocusing on bashed down and oversold stocks earlier on," Hong Leong Investment Bank analyst Loui Low says. Tips resistance for KLCI at 1730 with support pegged at 1700.
- By Alexander Winifred; Alexander.Winifred@nikkeinewsrise.com; +60320267363
- Edited By Suzannah Benjamin
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2018 Nikkei NewsRise Asia Pte Ltd.