KUALA LUMPUR (March 6): The FBM KLCI is expected to stage a mild rebound today on some bargain hunting, in line with the overnight rally at most global markets.

Stocks in the oil and gas-related sector as well as steel-related shares could be in focus today.

Oil prices rallied on Monday and stocks across the globe also rose as investors saw tariff threats as a U.S. negotiating tactic and not a done deal, while concern ebbed over an inconclusive Italian election, according to Reuters.

Stocks rose after four days of declines, with the U.S. benchmark S&P 500 higher and Europe closing near session highs as pressure grew on U.S. President Donald Trump to back off from planned tariffs on steel and aluminum, it said.

The Dow Jones Industrial Average rose 367.52 points, or 1.5 percent, to 24,905.58, the S&P 500 gained 32.15 points, or 1.19 percent, to 2,723.4 and the Nasdaq Composite added 81.30 points, or 1.12 percent, to 7,339.17, said Reuters.

Meanwhile, U.S. crude rose 2.27 percent to $62.64 per barrel and Brent was last at $65.60, up 1.91 percent on the day.

Based on corporate announcements and news flow yesterday, companies in focus today could include IOI Corp Bhd, AirAsia Bhd, YFG Bhd, LBS Bina Group Bhd, Lii Hen Industries Bhd, Globetronics Technology Bhd and Prestar Resources Bhd.