DJ MARKET TALK: KLCI Off 0.5%;But Local Funds May Step in -Dealer

501 GMT [Dow Jones] KLCI down 0.5% at 1,185.70, weighed by profit-taking across all sectors as investors take cue from weaker close on Wall Street overnight and lack of positive domestic leads, say dealers. "Markets across the region are also under pressure and this is weighing on investor sentiment. However, selling pressure is very weak; we expect local funds to accumulate heavyweights on weakness and keep the benchmark within a tight trading range," says institutional dealer. Tips KLCI to trade in 1,179 (10-day moving average) to 1,190 range. Among heavyweights, Maybank (1155.KU) down 1.2% at MYR6.69, Sime Darby (4197.KU) down 0.2% at MYR8.29, Genting Bhd. (3182.KU) down 1.5% at MYR6.12. (VGB)