KLCI seen trading sideways in line with global markets, hurdle at 1,710

KLCI seen trading sideways in line with global markets, hurdle at 1,710
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KUALA LUMPUR (March 1): The FBM KLCI is seen trading sideways today, in line with the weaker overnight close at most global markets, with its immediate hurdle at 1,710.

Global equities markets fell on Thursday as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment, according to Reuters.

Earlier, news of the collapse of the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un on denuclearization triggered flight-to-quality bids in lower-risk assets such as the Swiss franc, it said.

The Dow Jones Industrial Average fell 69.16 points, or 0.27 percent, to 25,916, the S&P 500 lost 7.89 points, or 0.28 percent, to 2,784.49 and the Nasdaq Composite dropped 21.98 points, or 0.29 percent, to 7,532.53, said Reuters.

Based on the corporate announcements and newsflow yesterday, companies in focus today could include Yinson Holdings Bhd, Brahim’s Holdings Bhd, TRC Synergy Bhd, Sime Darby Plantation Bhd, CIMB Group Holdings Bhd, Boustead Holdings Bhd, Tadmax Resources Bhd, Tenaga Nasional Bhd, Malaysia Airport Holdings Bhd and PPB Group Bhd.