Instead, the local market was tuned in to the year-end rally triggered by the annual window-dressing period, which saw active trading on the FBM KLCI this past week. On Monday, the domestic market had started the week relatively stable after the previous week’s close above the key 1,750 level. Despite nearly 10 points up, the FBM KLCI couldn’t float above the 1,750 level and ended under, at 1,746.63 points. Once again, the KLCI peeped out above the 1,750 level at 1,751.21 points, but with a negative market breadth that suggested the market was losing some momentum. The support remains at 1,750 level, while the next support lies at 1,730.

Source: The Star December 23, 2017 00:22 UTC