Malaysia Stock Market May Add To Its Winnings

(RTTNews) - Ahead of the long weekend for the Lunar New Year, the Malaysia stock market had ticked higher in two straight sessions, gathering almost 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,500-point plateau and it's tipped to open in the green on Wednesday as it catches up on missed positive sentiment.

The global forecast for the Asian markets is murky, with profit taking likely after recent gains - especially among the oil and technology companies. The European and U.S. markets were mixed and little changed and the Asian bourses are tipped to follow suit.

The KLCI finished slightly higher on Friday following gains from the plantations and telecoms.

For the day, the index perked 4.11 points or 0.27 percent to finish at the daily high of 1,500.33 after moving as low as 1,495.80.