Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Oct 3): The FBM KLCI is expected to drift sideways today,in line with the overnight gains at most global markets.

However, any gains at the local bourse is likely to be capped as foreign selling persists, denting domestic investor sentiment.

Stock markets climbed worldwide on Monday, lifted by optimism over the outlook for corporate earnings and U.S. President Donald Trump's tax reform plan, while the dollar gained as investors took a bullish view of the American economy, according to Reuters.

The three major U.S. stock indexes closed at record highs, driven by the notion that economies around the world are growing in sync and inflation is low, giving the Federal Reserve and other central banks little reason to squelch the expansion, it said.

The Dow Jones Industrial Average rose 152.51 points, or 0.68 percent, to end at 22,557.60. The S&P 500 gained 9.76 points, or 0.39 percent, to 2,529.12 and the Nasdaq Composite added 20.76 points, or 0.32 percent, to 6,516.72, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include Lotte Chemical Titan Holding Bhd, Petronas Chemicals Group Bhd, Tenaga Nasional Bhd, Tropicana Corp Bhd, Uchi Technologies Bhd, Johan Holdings Bhd, Sime Darby Bhd, Bina Darulaman Bhd, Ranhill Holdings Bhd, Carimin Petroleum Bhd, Jaks Resources Bhd and mTouche Technology Bhd.

      Print
      Text Size
      Share