Friday 29 Mar 2024
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KUALA LUMPUR (Nov 15): The FBM KLCI is seen trading range bound today, with immediate support seen at the 1,685-level, while energy-related stocks could be in focus with the overnight recovery of crude oil prices.

Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session's steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained her cabinet's backing for her Brexit deal, according to Reuters.

A gauge of global stock markets fell for a fifth straight session, following a volatile session on Wall Street that left major U.S. indexes well in the red, it said.

The Dow Jones Industrial Average fell 205.99 points, or 0.81 percent, to 25,080.5, the S&P 500 lost 20.6 points, or 0.76 percent, to 2,701.58 and the Nasdaq Composite dropped 64.48 points, or 0.9 percent, to 7,136.39, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include: Gas Malaysia Bhd, Malaysia Smelting Corp Bhd (MSC), GHL Systems Bhd, Advancecon Holdings Bhd, S P Setia Bhd, IGB Bhd, Batu Kawan Bhd, Kuala Lumpur Kepong Bhd (KLK), Tatt Giap Group Bhd, Star Media Group Bhd, JAKS Resources Bhd and Amway (M) Holdings Bhd.

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