Kenanga Research, however, said mixed readings from the key indicators were still suggesting that the local benchmark is in a state of consolidation.
"Thus, we are holding a cautiously optimistic view for now. Immediate overhead resistance is capped at 1,882 points while the downside buying support
is pegged at 1,858 points," it said in a note.
Market breadth was negative as losers led gainers 422 to 355 while 330 counters were unchanged, 510 untraded and 14 others were suspended.
Turnover was lower at 1.15 billion shares, worth RM1.51 billion from 1.5 billion shares, worth RM2.5 billion, recorded one Wednesday.
The local market was closed yesterday for the Labour Day holiday.
Among actives, Sumatec added 2.0 sen to 28 sen, China Stationery gained half-a-sen to 14 sen, Astral Supreme lost 2.0 sen to 14.5 sen while 1 Utopia and
Malaysia Airlines remained flat at 6.5 sen and 23 sen.
Of the heavyweights, Maybank erased 2.0 sen to RM9.88, Public bank fell 20 sen to RM19.94, CIMB eased 9.0 sen to RM7.42 while TNB and Axiata were unchanged at RM11.90 and RM6.73
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