KLCI seen opening flat, to hover above 1,790-level

-A +A

KUALA LUMPUR (Aug 10): The FBM KLCI is seen opening flat today in line with the weaker overnight close at Wall Street, but hover above the 1,790-level.

New U.S. sanctions against Moscow drove down Russia's ruble, while worries that Turkey was sliding into a full-blown economic crisis battered the lira on Thursday, but global equity markets largely shrugged off the turmoil to edge higher, according to Reuters.

The Russian ruble slid 1 percent after Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain, which the Kremlin denies, it said.

The Dow Jones Industrial Average fell 74.52 points, or 0.29 percent, to 25,509.23. The S&P 500 lost 4.12 points, or 0.14 percent, to 2,853.58 and the Nasdaq Composite added 3.46 points, or 0.04 percent, to 7,891.78, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus Friday may include the following: Supermax Corp Bhd, Gamuda Bhd, Kumpulan Perangsang Selangor Bhd (KPS), Sunway Real Estate Investment Trust, Bintai Kinden Corp Bhd, Far East Holdings Bhd, Datasonic Group Bhd, Velesto Energy Bhd, Barakah Offshore Petroleum Bhd, My EG Services Bhd, Ranhill Holdings Bhd, Asdion Bhd and IHH Healthcare Bhd.