Trading volumes remained healthy on Bursa Malaysia and momentum on the FBM KLCI picked up going into the final leg of 2017. There was more excitement on Wednesday, however, as the FBM KLCI jumped 11.77 points or two-thirds of a percent to 1,771.67 points. There were a few positive catalysts that helped the day’s market rally. For oil prices, there will need to be fresh catalysts before it can move forward. The 1,800-point level poses as an immediate resistance to the FBM KLCI, with 1,825 as the next hurdle.

Source: The Star December 30, 2017 01:12 UTC