KUALA LUMPUR (Oct 6): AllianceDBS Research said the FBM Small Cap Index had on Oct 5 traded higher to settle at the day's high of 17,065.76 (+47.95, +0.48%).

In its Trading Pulse note today, the research house said following the up close, the FBM Small Cap Index is likely to move higher again with immediate hurdle at 17,075.

It said a crossover of 17,075 should see a test of next resistance zone, 17,200-17,254.

AllianceDBS Research said market support is pegged at 16,940.

It said a fall below 16,940 would put pressure on the sub-index down to the subsequent support at 16,870.

"Stock advancers that contributed to the rise in this sub-index include Hibiscus Petroleum Bhd (up 4.5 sen or 7.25%), Sino Hua-An International Bhd (up 2 sen or 9.09%), and Berjaya Corp Bhd (up 2 sen or 6.06%).

"The moving average analysis shows that the FBM Small Cap Index is in a downtrend with sideways bias as the shorter 20-day MA line is still below the longer 50-day MA line and the gap between these 2 MA lines is narrowing," it said.