KUALA LUMPUR (July 20): The FBM KLCI is seen consolidating its gains around the 1,750-point level today, against the backdrop of mixed equity markets around the world.
The U.S. dollar pulled back from year-high levels on Thursday after U.S. President Donald Trump expressed concern about a strong currency, while disappointing earnings reports and escalating trade tensions weighed on stocks, according to Reuters.
A slide in metals prices, including copper falling to a year low, also rattled investors, it said.
On Wall Street, the Dow Jones Industrial Average fell 134.79 points, or 0.53 percent, to 25,064.5, the S&P 500 lost 11.13 points, or 0.40 percent, to 2,804.49 and the Nasdaq Composite dropped 29.15 points, or 0.37 percent, to 7,825.30, said Reuters.
Based on corporate announcements and news flow yesterday, companies that may be in focus today may include the following: AirAsia Group Bhd, AirAsia X Bhd, APFT Bhd, British American Tobacco (M) Bhd, CIMB Group Holdings Bhd, Malayan Flour Mills Bhd, PUC Bhd, Serba Dinamik Holdings Bhd and WZ Satu Bhd.