Malaysian market up on strong support, foreign funds return
Resistance level: Brokerages caution on a limited short-term market upside, expecting resistance around the 1,830 level. — AP
PETALING JAYA: Malaysian equities had another solid close yesterday, with the benchmark index breaking past the crucial 1,800-point level, in a sign of growing confidence in the country’s capital market.
Rising for the second consecutive day, the FBM KLCI gained 13.64 points, or 0.76%, to close at an 11-week high of 1,804.73. Volume was moderate, with 2.77 billion units worth RM2.71bil changing hands.
There were 590 gainers, 322 losers and 411 counters unchanged.
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