Friday 26 Apr 2024
By
main news image

KUALA LUMPUR (June 29): The FBM KLCI is expected to trade in a tight range today after on some mild window dressing activities on the final trading day of the first half of 2018 after having dropped some 131 points year-to-date.

Trading sentiment could remain cautious, tracking the overnight close at most global markets still rattled by the spectre of a global trade war.

A gauge of global stocks eked out a gain as Wall Street closed higher on rises in financial and technology shares on Thursday, but U.S.-driven trade tensions continued to weigh on sentiment and boosted safety buying of Treasuries and German Bunds, according to Reuters.

Wall Street technology shares rose a day after slumping on the U.S.-China trade dispute and financial stocks found favor after a 13-day losing streak, it said.

The Dow Jones Industrial Average rose 98.46 points, or 0.41 percent, to 24,216.05, the S&P 500 gained 16.68 points, or 0.62 percent, to 2,716.31, and the Nasdaq Composite added 58.60 points, or 0.79 percent, to 7,503.68, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include the following: Eco World Development Group Bhd, Eco World International Bhd, KUB Malaysia Bhd, Aeon Credit Service (M) Bhd, Felda Global Ventures Holdings Bhd, Icon Offshore Bhd, Tenaga Nasional Bhd, Mah Sing Group Bhd, United Malacca Bhd and Berjaya Corp Bhd.

      Print
      Text Size
      Share