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DJ Malaysia KLCI Rises 0.2%; May Retest All-Time High -Kenanga
December 24, 2013

0514 GMT [Dow Jones] Malaysian shares hold on to early gains, rising 0.2% to 1837.34 by the midday break as traders consolidate their positions ahead of the holiday closure Wednesday. Kenanga Research notes the chart pattern remains "generally bullish" despite key technical indicators showing signs of weakening. "We reckon that strong support would likely be present at the former resistance-turned-support of 1826," the house says, adding that moving away from that level could see a retest of the 1851 all-time high "fairly soon." Losers outnumber gainers slightly at 299 decliners and 283 advancers at the broader market with a total volume of 449.7 million shares. Among the most active index stocks, IHH Healthcare (5225.KU) is up 0.3% at MYR3.77, SapuraKencana Petroleum (5218.KU) is up 0.8% at MYR4.77 and Tenaga Nasional (5347.KU) is up 0.6% at MYR11.06. (jason.ng@wsj.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com