Friday 29 Mar 2024
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KUALA LUMPUR (July 20): The FBM KLCI is seen opening higher today, in line with the firmer overnight close at most global markets, and cross the 1,760-point level.

A broad barometer of global stocks rose for a ninth straight session on Wednesday as earnings season in the United States and Europe heated up, while the dollar clawed back from 10-month lows and oil prices jumped, according to Reuters.

The S&P 500, Dow industrials and Nasdaq marked record closing highs in the United States, tracking strong performances by major European stock indexes as the tech sector gave a boost in both regions, it said.

The Dow Jones Industrial Average rose 66.02 points, or 0.31 percent, to 21,640.75, the S&P 500 gained 13.22 points, or 0.54 percent, to 2,473.83, and the Nasdaq Composite added 40.74 points, or 0.64 percent, to 6,385.04, said Reuters.

Based on corporate announcements and news flow yesterday, companies that will be in focus today may include: CIMB Group Holdings Bhd, mTouche Technology Bhd, Capiland Malaysia Mall Trust, G3 Global Bhd, Crest Builder Holdings Bhd, ConnectCounty Holdings Bhd, Euro Holdings Bhd, Wang-Zheng Bhd, KUB Malaysia Bhd and Bright Packaging Bhd.

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