Malaysia Shares Expected To Remain Rangebound
RTTNews The Malaysia stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had slipped almost 6 points or 0.4 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,460-point plateau and it's likely to remain in that neighborhood again on Tuesday.
The global forecast for the Asian markets is mixed and flat ahead of the Federal Reserve's monetary policy announcement later this week. The European markets were down and the U.S. bourses were barely higher and the Asian markets figure to split the difference.
The KLCI finished barely lower on Monday following mixed performances from the financial shares, plantation stocks and telecoms.
For the day, the index dipped 1.04 points or 0.07 percent to finish at 1,457.99 after trading between 1,452.86 and 1,458.46.
Among the actives, Celcomdigi rallied 1.13 percent, while CIMB Group lost 0.35 percent, Dialog Group stumbled 2.27 percent, Genting Malaysia advanced 0.40 percent, IOI Corporation surged 6.12 percent, Kuala Lumpur Kepong plummeted 7.89 percent, Maxis and Public Bank both gained 0.24 percent, Maybank rose 0.22 percent, MISC sank 0.56 percent, MRDIY declined 1.31 percent, Petronas Chemicals retreated 2.15 percent, PPB Group jumped 1.27 percent, Press Metal slumped 0.81 percent, RHB Capital collected 0.71 percent, Sime Darby soared 3.26 percent, Sime Darby Plantations tumbled 2.84 percent, Telekom Malaysia was up 0.20 percent, Tenaga Nasional climbed 0.80 percent, Westports Holdings added 0.30 percent and Genting, IHH Healthcare, Axiata, Nestle and Hong Leong Bank were unchanged.
