KUALA LUMPUR (Aug 6): The FBM KLCI is seen hovering above the 1,770-point level today, in line with gains last Friday at most global markets, supported by improved domestic stability.

Sentiment at the domestic market will also see some semblance of normalcy following the end of the fisrt local by-election over the weekend that ended with the Pakatan Harapan’s candiadate winning in the race for the Sg Kandis state assembly seat. Further adding support to growing stability to the current ruling government is Datuk Seri Anwar Ibrahim officially being declared the next PKR president when he won uncontested in the party polls.

Stocks around the world advanced on Friday on strong earnings, with consumer staples results boosting Wall Street, though a trade spat between the United States and China along with weaker-than-expected U.S. jobs numbers capped gains and weighed on the dollar, according to Reuters.

U.S. job growth slowed more than expected in July as employment in transportation and utilities fell, but analysts said the numbers didn't change their expectations for a September interest rate hike, it said.

By the close, the Dow Jones Industrial Average has risen 136.42 points, or 0.54 percent, to 25,462.58, the S&P 500 gained 13.13 points, or 0.46 percent, to 2,840.35 and the Nasdaq Composite added 9.33 points, or 0.12 percent, to 7,812.02, said Reuters.

Based on corporate announcements and news flow last Friday, stocks in focus today may include: Gamuda Bhd, Kumpulan Perangsang Selangor Bhd, Bumi Armada Bhd, SLP Resources Bhd, Frontken Corp Bhd, Axiata Bhd, Anzo Holdings Bhd, Lay Hong Bhd, Amanah Harta Tanah PNB, Parlo Bhd, Nylex (Malaysia) Bhd, Ancom Bhd, YTL Power International Bhd, UEM Sunrise Bhd and T7 Global Bhd.