Moder­ately higher

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia set­tled marginally higher yes­ter­day in line with most re­gional mar­kets as sen­ti­ment was buoyed by en­cour­ag­ing Chi­nese eco­nomic data and ex­tended gains in global oil prices, deal­ers said. The FBM KLCI inched up 0.70 point to 1,668.27. Market breadth turned nega­tive as losers out­paced gain­ers 403 to 373, while 412 coun­ters were un­changed, 471 un­traded and 21 sus­pended.

The lo­cal market was swing­ing be­tween gains and losses, due to lack of market driv­ing fac­tors, be­fore set­tling marginally higher.

In­ter-Pa­cific Re­search Sdn Bhd head of re­search Pong Teng Siew said: “Although the lo­cal market is seen trad­ing higher, swift high vol­ume counter-move is needed to negate the bear­ish-bias out­look which could of­fer a slight op­por­tu­nity to climb up fur­ther,” he said. – Ber­nama

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