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Malaysia shares may consolidate after Wall
Street ended Thursday in negative territory amid mounting doubts about the
prospect of more stimulus from the Fed; analysts say the KLCI will likely
succumb to pre-weekend profit-taking after trading sideways recently.
"We expect
the KLCI to be negative Friday; the index has been in a sideways trend recently,
being capped by the 1655 resistance level," says JF Apex Securities; it tips
support at 1620.
The KLCI ended Thursday relatively flat at 1651.61. Kossan
Rubber Industries (7153.KU) may be in focus after reporting lower-than-expected
1H results.
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