KUALA LUMPUR (June 20): The FBM KLCI is expected to tick higher today and move above the 1,790-level again in line with the overnight gains at most global markets.

World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official, according to Reuters.

The tech sector, up 1.7 percent, pushed equity indexes on Wall Street higher, with the Dow and S&P 500 closing at records. The group had fallen 3.4 percent over the past two weeks but are up nearly 19 percent on the year, it said.

The Dow Jones Industrial Average rose 144.71 points, or 0.68 percent, to end at 21,528.99, the S&P 500 gained 20.31 points, or 0.83 percent, to 2,453.46 and the Nasdaq Composite added 87.26 points, or 1.42 percent, to 6,239.01, said Reuters.

Meanwhile, a 1.2 percent gain in Europe's banks also boosted European shares in the wake of broker upgrades for Credit Suisse, said Reuters,  

Based on corporate announcements and news flow yesterday, stocks in focus on today may include: Felda Global Ventures Holdings Bhd (FGV), MSM Malaysia Holdings Bhd, Maxis Bhd, Sapura Energy Bhd, Barakah Offshore Petroleum Bhd, Mesiniaga Bhd, Yinson Holdings Bhd, Heitech Padu Bhd, Icon Offshore Bhd, Malaysia Building Society Bhd (MBSB) and MClean Technologies Bhd.