KUALA LUMPUR (Dec 27): The FBM KLCI is likely to trade range bound today in line with the weaker overnight close at Wall Street, but some year-end window dressing could prop the local index around the 1,760-point level.

Investors scooped up commodities on Tuesday during a holiday-shortened week, but took a far more mixed view of U.S. equities as shares of Apple Inc sagged, according to Reuters.

The main equity gauges on Wall Street were under pressure following a 2.6 percent drop in Apple's shares on reports of weak iPhone X demand, it said.

The Dow Jones Industrial Average fell 5.09 points, or 0.02 percent, to 24,748.97, the S&P 500 lost 2.44 points, or 0.09 percent, to 2,680.9 and the Nasdaq Composite dropped 27.91 points, or 0.4 percent, to 6,932.05, said Reuters.

Based on corporate announcements and news flow yesterday, companies that may be in focus today may include: Malaysian Resources Corp Bhd, ManagePay Systems Bhd, Pensonic Holdings Bhd, Sona Petroleum Bhd, Tenaga Nasional Bhd and Hibiscus Petroleum Bhd.