Wednesday 01 May 2024
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KUALA LUMPUR (March 16): The FBM KLCI is seen trending sideways today and hover around the 1,850-point level in line with the mixed overnight close at global markets.

The S&P 500 edged slightly lower on Thursday, in its first four-day losing streak of 2018, while global political tensions kept demand high for safe-haven government bonds on both sides of the Atlantic, according to Reuters.

It was a choppy day overall for stocks, with MSCI's gauge of stocks across the globe shedding 0.07 percent, it said.

The Dow Jones Industrial Average rose 115.54 points, or 0.47 percent, to 24,873.66, the S&P 500 lost 2.15 points, or 0.08 percent, to 2,747.33, and the Nasdaq Composite dropped 15.07 points, or 0.2 percent, to 7,481.74, said Reuters.

Based on corporate announcements and news flow yesterday, companies that may be in focus today may include the following: WZ Satu Bhd, Berjaya Food Bhd, OKA Corp Bhd, Magni-Tech Industries Bhd, Unimech Group Bhd, MWE Holdings Bhd, Pestech International Bhd, Texchem Resources Bhd, NetX Holdings Bhd, Zecon Bhd and Ewein Bhd.

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