KUALA LUMPUR (July 5): The FBM KLCI is expected to remain lacklustre today as the local market has been pulling back in recent weeks amid a lack of fresh catalysts.

Meanwhile, foreign institutions were selling last week on weak Ringgit. Net sell from foreign institutions was RM298 million while net sell from local institutions was RM296 million.

World shares pulled back and bonds and gold regained favour on Tuesday as a long-range ballistic missile test by North Korea and July 4 holidays for U.S. markets dampened risk appetite, according to Reuters.

Asian shares were pushed lower and South Korea's won slid to a 16-week low after the North's missile landed in Japanese territorial waters amid assertions from Pyongyang that it could now strike "anywhere in the world", it said.

Europe saw a modest drop too as the pressure to lock in profit after Monday's biggest jump in over two months outweighed a recovery during the day of commodity stocks as oil thrust upwards again after an overnight wobble, said Reuters.

Based on corporate announcements and news flow yesterday, companies that may be in focus today may include: Sinmah Capital Bhd, Aeon Credit Service (M) Bhd, UEM Edgenta Bhd, Kawan Food Bhd, Frase & Neave Holdings Bhd, Kumpulan Jetson  Bhd and Majuperak Holdings Bhd.