KLCI Flat - Likely To Stay In 1475-1500 Band

The KLCI is flat at 1488.86 in cautious trade amid mixed regional performance ahead of a series of key meetings in Europe later in the week; the index will likely continue to stay in a 1475-1500 range for the day, barring major movements when the European share markets open later in the day, analysts say.

 Market breadth is neutral at 298 gainers vs 290 losers, with 1.30 billion shares changing hands. 

Among gainers, 

Axiata Group(6888.KU) is up 1.2% at MYR4.96 

and Petronas Chemicals (5183.KU) up 0.3% at MYR6.19. 

Among losers,

 Malayan Banking (1155.KU) is down 0.2% at MYR8.28 

and Sime Darby (4197.KU) is down 1.4% at MYR8.99.