KUALA LUMPUR (Jan 25): The FBM KLCI is expected to trade lacklustre today in line with the flat overnight close at Wall Street, while a lack of fresh catalyts at the local market is likely to keep investors on the sidelines.

The U.S. dollar extended recent weakness, hitting three-year lows again, and U.S. bond prices eased on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed its weakness in the currency, according to Reuters.

Fear of protectionism from the U.S. economy, the world's largest, had already pushed the greenback to a three-year low, but Mnuchin's remark at the annual Davos summit of business and political leaders pushed it down further, it said.

The Dow Jones Industrial Average rose 51.4 points, or 0.2 percent, to 26,262.21, the S&P 500 lost 3.03 points, or 0.11 percent, to 2,836.1 and the Nasdaq Composite dropped 43.40 points, or 0.58 percent, to 7,416.89, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include: Ireka Corp Bhd, Fraser & Neave Holdings Bhd, Hock Seng Lee Bhd, Boustead Plantations Bhd, KLCCP Stapled Group, Gadang Holdings Bhd, Handal Resources Bhd, Hua Yang Bhd, Zhulian Corp Bhd, Econpile Holdings Bhd, Salcon Bhd, P.A. Resources Bhd and UOA Real Estate Investment Trust.