=MARKET BUZZ: Malaysia KLCI Likely To Stay Steady; Lower-Liners Likely In Focus
KUALA LUMPUR (Jul 12) -- Malaysia KLCI likely to stay in tight range as investors consolidate their position ahead of the weekend; the local index ended Thursday a tad higher at 1679.26. Nikkei 225 is up 0.2% while S&P/ASX 200 is down 0.4%. Dow Jones Industrial Average rose 0.9% while S&P 500 was up 0.2% and Nasdaq Composite fell 0.1%. Brent lost 0.7% to $66.52 a barrel. Despite Dow touching new record high, further upside for KLCI stocks is likely limited for the day with selling pressure likely to set in around 1680, says dealer with local brokerage; adds, second-liners and other small caps, particularly in technology sector will likely be in focus today.
- By Jason Ng; Jason.Ng@NikkeiNewsRise.com; +60320267363
- Edited By Abhrajit Gangopadhyay
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