ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Nikkei Markets

MARKET BUZZ: Malaysia KLCI Edges Higher Tracking US Gains, 1796 Resistance Tipped

By Chong Sin Hao
Nikkei Markets
KUALA LUMPUR (Jun 29) -- KLCI opens higher tracking a rebound in US shares and higher oil prices, now +0.2% at 1775.15 in line with most Asian stock markets. Genting companies lead index gainers, recovering after yesterday's heavy profit taking; Genting Malaysia +1.1% at MYR5.65, Genting +0.7% at MYR9.57. In broader market, gainers outpace laggards 262 to 120; about 243 million shares changed hands so far in deals worth MYR125 million. Still, "with technical indicators in short-term bearish mode, profit-taking pressure should persist during this brief trading week," says TA Securities in investor note; tips immediate upside hurdle at 1796.
- By Chong Sin Hao; Dave.Chong@nikkeinewsrise.com; +60320267363
- Edited By Abhrajit Gangopadhyay
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media