KUALA LUMPUR (May 18): The FBM KLCI is expected to trade range bound today, in line with the overnight retreat at Wall Street, and the still cautious sentiment at the local bourse.

On Thursday, losers led gainers at Bursa Malaysia, indicating traders were not willing to buy aggressively.

However, oil and gas-related stocks could be in focus with the firm crude oil prices.

Yields on benchmark 10-year U.S. Treasuries rose on Thursday to their highest level in about seven years, extending this week's bond market selloff and pushing the U.S. dollar to a four-month peak against the yen, according to Reuters.

Oil prices topped $80 a barrel for the first time since November 2014 before pulling back, it said.

On Wall Street, the Dow Jones Industrial Average fell 54.95 points, or 0.22 percent, to 24,713.98, the S&P 500 lost 2.33 points, or 0.09 percent, to 2,720.13, and the Nasdaq Composite dropped 15.82 points, or 0.21 percent, to 7,382.47, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include the following: Ahmad Zaki Resources Bhd, MRCB-Quill REIT, Petronas Gas Bhd, Sime Darby Property Bhd, OCR Group Bhd, Shangri-La Hotels (M) Bhd, Carlsberg Brewery Malaysia Bhd, Sunway Construction Group Bhd, IHH Healthcare Bhd, Cypark Resources Bhd, Tomei Consolidated Bhd and Samchem Holdings Bhd.