Thursday 18 Apr 2024
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KUALA LUMPUR (April 27): The FBM KLCI is seen trading range bound today in line with the overnight gains at most global markets and stay above the 1,840-level.

A gauge of global equities advanced on Thursday, buoyed by a round of solid quarterly earnings in Europe and the United States, while the euro weakened after the head of the European Central Bank hailed "solid" economic growth but kept interest rates unchanged, according to Reuters.

On Wall Street, technology stocks jumped 2.27 percent, led by a 9.06 percent jump in Facebook Inc and a 4.90 percent rise in Visa after their quarterly results, it said.

The Dow Jones Industrial Average rose 238.92 points, or 0.99 percent, to 24,322.75, the S&P 500 gained 27.72 points, or 1.05 percent, to 2,667.12 and the Nasdaq Composite added 114.94 points, or 1.64 percent, to 7,118.68, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include the following: Ikhmas Jaya Group Bhd, Ireka Corp Bhd, LPI Capital Bhd, Pavilion REIT, ViTrox Corp Bhd, Choo Bee Metal Industries Bhd, Atlan Holdings Bhd, PPB Group Bhd, Nexgram Holdings Bhd, Tatt Giap Group Bhd, AirAsia X Bhd and Poh Huat Resources Holdings Bhd.

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