KUALA LUMPUR (Sept 29): The FBM KLCI is likely to trend sideways today in line with the mixed close overnight at the global markets.

The local benchmark index has so far lost 15 points month on month in September, and is likely to end September on a flattish note.

The U.S. dollar weakened on Thursday after a recent rally while stocks globally rose modestly as investors digested U.S. economic data and prospects for a U.S. tax reform plan proposed by President Donald Trump, according to Reuters.

Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit, it said.

The Dow Jones Industrial Average rose 40.49 points, or 0.18 percent, to 22,381.2, the S&P 500 gained 3.02 points, or 0.12 percent, to 2,510.06 and the Nasdaq Composite added 0.19 point, or 0 percent, to 6,453.45, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include: Damansara Realty Bhd, Mah Sing Group Bhd, Kimlun Corp Bhd, Malayan Banking Bhd, JHM Consolidation Bhd, Globaltec Formation Bhd, Matang Bhd, Muar Ban Lee Group Bhd, MCE Holdings Bhd, George Kent (M) Bhd, Jaycorp Bhd, Kim Loong Resources Bhd, Berjaya Corp Bhd, Berjaya Media Bhd, Gamuda Bhd and SYF Resources Bhd.