KLCI +0.3% at 1298.88 in heavy volume

KLCI +0.3% at 1298.88 in heavy volume of 1.1 billion shares traded. Dealer says some counters starting to succumb to profit taking, index off intraday high of 1300.89, could slip further in afternoon ahead of weekend; "having had a good run for more than a week, latex glove stocks particularly are noteworthy for being lower today," dealer adds. OSK Research chartist Shin Kao Jack says 1300 resistance key level for "a break at this level could potentially prompt the market to go up faster." Adds, uptrend seems intact; "the longer the KLCI consolidates steadily just below 1300-mark, the greater the chance of this formidable level being taken out soon." Tips next resistance at 1305, support at 1288, then 1269 (50-day moving average). Advancers are Nestle (4707.KU) +0.9% at MYR34.10, MPI (3867.KU) +5.6% at MYR7.40. Decliners include Latexx (7064.KU) down 6.6% at MYR4.37, Top Glove (7113.KU) down 2.7% at MYR11.42. (KPL)