KUALA LUMPUR (March 3): The FBM KLCI is expected to sustain its momentum and stay above the 1,710 point level today, and end the week on a positive note. It said the benchmark index subsequently reached a high of 1,717.14 as market participants continued to play on the buying side in anticipation of a higher market. “In the broader market, gainers outnumbered losers with 595 stocks ending higher and 308 stocks finishing lower. AllianceDBS Research said having registered lower lows for 6 days, the market made a higher high again on March 2 with a crossover of 1,700 level. “As such, the FBM KLCI would likely trade above the 1,717.14 level on March 3,” said AllianceDBS Research.

Source: The Edge Markets March 02, 2017 21:56 UTC