KUALA LUMPUR (April 16): RHB Retail Research said positive indicators suggest the FBM Small Cap Index (FBMSC) may still rise.

In a technical analyser today, the research house said the FBMSC jumped 163.14 points on Friday (April 13) to 15,127.11 points.

“It left a white candle without any shadow, after having hovered between a low of 14,837.50 points and a high of 15,000.61 points.

“This shows that the session was mainly led by the bulls. As a result, the index rose to its newest 2-week high.

“Based on the immediate momentum, chances are high that the upside movement is likely to extend in later sessions,” the research house said.