Depressed by overnight mild decline in Wall Street, Malaysian index futures started the day on a softer note. Prices scaled higher on improve sentiment as underlying cash opened steadier at 9am. Mirroring the positive showing of regional peers, futures extended its gained and bobed up into positive area. Towards second session, prices inched higher steadily with Sept 09 remaining in the positive territory throughout the afternoon session to settle at intraday high of 1177, up 9 points on the day.
Overnight, DJIA snapped a 4-day losing streak as some late session bargain hunting drove equities higher following an otherwise lackluser trading session. For today, KL index futures looks set to trade higher with support and resistance pegged at 1168 and 1190 respectively.
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