=MARKET BUZZ: Malaysia KLCI Erases Early Gains, Turns 0.2% Lower; 1680 Support Holds
KUALA LUMPUR (Feb 11) -- Malaysia KLCI gives up initial gains to turn lower, now down 0.2% at 1683.35. Press Metal Aluminium falls 1.2% to MYR4.19 to lead index losers. Overall, losers outnumber gainers 275-to-253 with more than 915 million shares worth MYR369 million changing hands. Outside Malaysia, Nikkei Asia300 Index is up 0.2%. Sentiment remains largely risk-off, says a dealer with local brokerage; notes institutional traders are back in full force after Lunar New Year holidays, picking up some heavyweight stocks such as Genting and Axiata Group. Adds, support line at 1680 is holding, but if breached, could witness a sell down by retail investors.
- By Jason NG; Jason.Ng@NikkeiNewsRise.com; +60320267363
- Edited By Abhrajit Gangopadhyay
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