=MARKET BUZZ: Malaysia's KLCI Rises 0.3%; Small-To-Mid Cap Stocks In Focus
KUALA LUMPUR (Apr 15) -- Malaysia's KLCI up 0.3% at 1634.99 amid strong gains in Asian markets. Maxis top index gainer, up 1.3% at MYR5.58. Overall, gainers outnumber losers 310 to 257 with more than 1.1 billion shares worth MYR414 million changing hands. Nikkei Asia300 Index up 0.9%. "Investors are buying or selling on pure trading and there's rotational play in the market, so market will be volatile ahead as these are all very short-term bets," says dealer at local brokerage. Adds, trading in small- and medium-cap shares will likely remain active while investors stay cautious of foreign selling in heavyweight stocks. Notes, trading in oil and gas stocks likely to remain active with crude prices above $70 a barrel.
- By Jason NG; Jason.Ng@NikkeiNewsRise.com; +60320267363
- Edited by Lopamudra Bhattacharya
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