KUALA LUMPUR (Feb 27): The FBM KLCI is expected to remain below the crucial 1,700-point level today with support seen beetwen 1,690 – 1,695. AllianceDBS Research in its evening edition last Friday said that dampened by the down close in the preceding day, the FBM KLCI had on Feb 24 opened the day on a positive note. The research house said following the down close on Feb 24, the market is expected to test lower level again with immediate support zone, 1,690 - 1,695. “The analysis of overall market action on Feb 24 revealed that buying power was weaker than selling pressure. “As such, the FBM KLCI would likely trade below the 1,696.48 level on Feb 27,” said AllianceDBS Research.

Source: The Edge Markets February 26, 2017 21:45 UTC