Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 13): The FBM KLCI is seen eyeing to cross the 1,700-point threshold today, in line with overnight rally at the global markets.

A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote, according to Reuters.

U.S. Treasury yields advanced in tandem with Wall Street's gains after U.S. President Donald Trump said trade talks with China were progressing with discussions under way by telephone and more meetings likely among officials of both countries, it said.

The Dow Jones Industrial Average rose 158.8 points, or 0.65 percent, to 24,529.04, the S&P 500 gained 14.45 points, or 0.55 percent, to 2,651.23 and the Nasdaq Composite added 66.48 points, or 0.95 percent, to 7,098.31, said Reuters.

Based on corporate announcements and news flows yesterday, stocks in focus today may include: BIMB Holdings Bhd, Cypark Resources Bhd, Alam Maritim Resources Bhd, Zhulian Corp Bhd, My E.G. Services Bhd, Bermaz Auto Bhd, Poh Huat Resources Holdings Bhd, and Pasdec Holdings Bhd.

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