Friday 29 Mar 2024
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KUALA LUMPUR (June 6): The FBM KLCI is seen trending sideways and test the 1,760-point level today, in line with the higher overnight close at Wall Street.

U.S. stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add to the nation's debt, according to Reuters.

The so-called FAANG stocks — Facebook, Amazon , Apple, Netflix and Alphabet - rose. The S&P technology index gained 0.4 percent, while the Nasdaq hit a record intraday high, it said.

The Dow Jones Industrial Average fell 12.51 points, or 0.05 percent, to 24,801.18, the S&P 500 gained 1.63 points, or 0.06 percent, to 2,748.5 and the Nasdaq Composite added 25.81 points, or 0.34 percent, to 7,632.27, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include: TH Heavy Engineering Bhd, Kumpulan Perangsang Selangor Bhd, Kerjaya Prospek Group Bhd, Scomi Group Bhd, AWC Bhd, DBE Gurney Resources Bhd, Ekovest Bhd, AirAsia Group Bhd and Daya Materials Bhd.

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