Malaysian shares were flat on Tuesday due to selected buying interest from local funds, dealers said. The Kuala Lumpur Composite Index rose 0.18 points to 1,233.51. Advancers led losers 440 to 245. Dealers described the trading session as "choppy" with profit-taking keeping the index in a tight 1,231.36-1,234 points range.
"Players remain cautious ahead of key US earnings this week," Dow Jones Newswires cited second largest banking group CIMB as saying. A dealer said last hour buying interest from local funds provided support for the bourse. "Investors are likely to keep an eye on corporate earnings in US and take their cue from Wall Street's performance," the dealer said, adding that "the benchmark will probably continue to consolidate within 1,220-1,240 points in the near term." Conglomerate Genting lost 0.5 percent to 7.32 ringgit while banking stock AMMB shed 0.7 percent to 4.52.
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