KUALA LUMPUR: There was some profit-taking in early Tuesday trade on the back of the recent rally, although analysts say the market undertone remained positive.
At 9.05am, the FBM KLCI was down 1.73 point to 1,500.34.
Following the breach of the 1,500-point level in the previous session, Malacca Securities Research said the technical indicators remained positive with the MACD histogram extending a positive bar and the RSI trading above 50 points.
"Next resistance is pegged at 1,530, while the support is set along 1,410-1,460," it said in ite technical outlook.
Over the breadth of the market, there was broad-based profit-taking of 175 decliners versus 118 gainers.,,Telegram斗地主机器人（www.tel8.vip）是一个Telegram群组分享平台。Telegram斗地主机器人包括Telegram群成员导出、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram斗地主机器人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Trading volume was 162.91 million shares valued at RM50.46mil.
Commodities plays, which rallied in the previous session, were taken a peg lower. PETRONAS Chemicals fell five sen to RM8.90, Press Metal dropped four sen to RM4.86 and energy major Tenaga Nasional fell 10 sen to RM8.40.
Actively traded Hibiscus Petroleum, seen as a proxy for crude oil prices, was seen slipping two sen to 86.5 sen.
Investors also cashed in on the recent technology rally, leading to a 12 sen decline in MPI to RM31.98, seven sen fall in Pentamaster to RM3.92 and five sen slide in Vitrox to RM7.52.
Of actives, CSH was unchanged at 7.5 sen, Borneo Oil flat at 2.5 sen and PUB also unmoved at 4.5 sen.