FBM KLCI continues its advance following strong bank earnings

KUALA LUMPUR: The FBM KLCI appears on track for another positive trading session, outperforming global markets that recorded weak performances in February due to the onset of the Ukraine crisis.

"Despite the mixed sentiment on Wall Street, we believe the positive sentiment will continue on the local bourse, given the increasing inflows of foreign funds, firmer crude palm oil prices which may translate to upside on the plantation sector and decent performance in the banking sector’s results," said Malacca Securities Research in a report.