KUALA LUMPUR, Aug 12 — Bursa Malaysia closed higher for the second consecutive day today, with the benchmark index ending above the 1,500-psychological level, thanks to persistent buying support in selected heavyweights, especially banking and plantation counters.
Total turnover decreased to 2.08 billion units worth RM1.63 billion from 2.55 billion units worth RM1.97 billion yesterday. “We saw strong jump in foreign buying...and the market was also supported by retail and local institutions,” he told Bernama. “We reckon the benchmark index to possibly consolidate within the 1,500-1,515 range for next week,” he said, adding immediate resistance is located at 1,510 followed by 1,530, while support is at 1,480.
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