Friday 29 Mar 2024
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KUALA LUMPUR (Dec 27): The FBM KLCI may stage a technical rebound today in line with the higher overnight close at most global markets.

Stocks and oil prices rebounded on Wednesday as the Trump administration attempted to shore up investor confidence and markets welcomed a report on strong U.S. holiday spending, according to Reuters.

MSCI's gauge of stocks across the globe gained 2.57 percent, while both U.S. and Brent crude rose about 8 percent, their largest one-day increase since Nov. 30, 2016, it said.

The Dow Jones Industrial Average rose 1,086.25 points, or 4.98 percent, to 22,878.45, the S&P 500 gained 116.6 points, or 4.96 percent, to 2,467.7 and the Nasdaq Composite added 361.44 points, or 5.84 percent, to 6,554.36, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include OSK Holdings Bhd, Genting Bhd, Gas Malaysia Bhd, SCH Group Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Eversendai Corp Bhd, N2N Connect Bhd and Goodway Integrated Industries Bhd.

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