KUALA LUMPUR (Jan 25): The FBM KLCI is expected to trend higher today and test the 1,690 level, riding on its current momentum and in line with the overnight gains at most global markets. AllianceDBS Research said the market saw follow through buying interest on Jan 24 with a crossover of 1,672 hurdle. The research house said following the up close on Jan 24, the market should be gearing towards 1,682. “The analysis of overall market action on Jan 24 revealed that buying power was stronger than selling pressure. “As such, the FBM KLCI would likely trade above the 1,680.69 level on Jan 25,” said AllianceDBS Research.

Source: The Edge Markets January 24, 2017 21:54 UTC