KLCI Likely Higher; More Earnings Awaited

The KLCI is likely to open higher, supported by Wall Street's strong performance overnight, but the index is expected to trade within a narrow range as market participation has dried up in recent days, a local dealer says. "The market is likely to continue to consolidate given the lack of fresh leads. Investors are waiting for more corporate results that are expected to start trickling in next week," he adds. He tips the benchmark index to trade in a 1515-1530 range for the day.