[Dow Jones] KLCI may rise, taking lead from firmer U.S., Japanese stocks, says dealer with local brokerage; thinks banking stocks likely to lead gains. But TA Securities says gains may not sustain given weak buying momentum, negative breadth on broader market, as most investors stay sidelined pending fresh market leads. Notes KLCI ended +0.9% at 1216.45 yesterday, likely lifted by trading error in KL Kepong (2445.KU) which rose +23.7% at MYR17.00. Tips KLCI's immediate resistance at 1220, with September 23 pivot high of 1231 as more formidable hurdle, support at 1200
Dow Jones Newswires
October 05, 2009 20:22 ET (00:22 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
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