KUALA LUMPUR (Nov 8): The FBM KLCI is expected to hover between the 1,740 and 1,750 level today, in line with the overnight pause at most global markets.

Buying sentiment at the local market remains nervy as the third quarter financial reporting season gets into full swing.

A global rally in stocks paused on Tuesday, halting a nine-day advance that had sent the most widely tracked index of world stock markets to record highs, according to Reuters.

Wall Street's two broadest indexes dipped in U.S. trading, sending the MSCI 47-country 'All World' index down slightly after it had hit record highs above 500 points when Japan's Nikkei notched its best level since 1992 and Germany's DAX scored a record high. The index is up nearly 20 percent for the year to date, it said.

After hitting all-time highs shortly after the opening bell, the Dow Jones Industrial Average rose 8.81 points, or 0.04 percent, to end at 23,557.23, the S&P 500 lost 0.49 point, or 0.02 percent, to 2,590.64 and the Nasdaq Composite dropped 18.65 points, or 0.27 percent, to 6,767.78, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include: Fraser & Neave Holdings Bhd, Nestle (M) Bhd, Gas Malaysia Bhd, Sime Darby Bhd, GHL Systems Bhd, Hartalega Holdings Bhd, ML Global Bhd, O&C Resources Bhd, Key Alliance Group Bhd, Naim Indah Corp Bhd, Pharmaniaga Holdings Bhd, Red Ideas Holdings Bhd and Astro Malaysia Holdings Bhd.