KUALA LUMPUR (June 6): The FBM KLCI is expected to ride on its current wave and stay above the 1,780-point level today despite the weaker overnight close at most global markets, as sentiment at the local market is picking up pace.

The year-to-date foreign buying of Malaysian equity breached the RM10 billion mark at RM10.14 billion after the cumulative purchases for the month of May totalled RM1.47 billion, according to MIDF Research in a report yesterday, which indicates there is still interest among foreign funds in local stocks.

Wall Street stocks dipped on Monday, weighed down by Apple, as world equity markets fell with oil prices, while the U.S. dollar recovered from a near seven-month low against the euro, according to Reuters.

Sterling firmed as investors focused on the impending British election, and Friday's disappointing U.S. employment report initially lifted gold prices to a six-week high and boosted Treasury yields as investors booked profits, it said.

The Dow Jones Industrial Average fell 22.25 points, or 0.1 percent, to 21,184.04, the S&P 500 lost 2.97 points, or 0.12 percent, to 2,436.1 and the Nasdaq Composite dropped 10.11 points, or 0.16 percent, to 6,295.68, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include: Perak Transit Bhd, Xingquan International Sports Holdings Ltd, Ikhmas Jaya Group Bhd, Wang-Zheng Bhd, Dolphin International Bhd, Enra Group Bhd, KUB Malaysia Bhd, China Automobile Parts Holdings Ltd (CAP), Techfast Holdings Bhd,Ideal Jacobs (Malaysia) Corp Bhd and Puncak Niaga Holdings Bhd.