Friday 26 Apr 2024
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KUALA LUMPUR (Oct 9): The FBM KLCI is expected to stay lacklustre today with immediate hurdle at 1,790-points, in line with the overnight fall at most global markets.

A gauge of global equity markets fell on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China's growth, while the dollar gained versus the euro and Italian bond yields spiked on a spat over Italy's budget plans, according to Reuters.

European markets slid, with defensive stocks under pressure as investor confidence took a knock from last week's spike in Treasury yields and amid heightened expectations for further interest rate hikes by the Federal Reserve, it said.

The Dow Jones Industrial Average rose 31.97 points, or 0.12 percent, to 26,479.02. The S&P 500 gained 0.41 points, or 0.01 percent, to 2,885.98 and the Nasdaq Composite dropped 42.66 points, or 0.55 percent, to 7,745.79, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus on today may include: UEM Sunrise Bhd, T7 Global Bhd, Reach Energy Bhd, MMC Corp Bhd, Gamuda Bhd, Diversified Gateway Solutions, MCE Holdings Bhd and IHH Healthcare Bhd.

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