KUALA LUMPUR (June 15): The FBM KLCI is likely to trend sideways today and remain above the 1,790-point level.

U.S. stocks mostly fell while the dollar cut its losses on Wednesday after the Federal Reserve delivered a widely expected U.S. interest rate hike, according to Reuters.

A slide in technology stocks weighed on the Nasdaq and S&P 500 as investors worried about the pace of economic growth after the rate increase and weaker-than-expected inflation data, it said.

The Dow Jones Industrial Average was up 46.09 points, or 0.22 percent, to end at 21,374.56, the S&P 500 lost 2.43 points, or 0.10 percent, to 2,437.92 and the Nasdaq Composite dropped 25.48 points, or 0.41 percent, to 6,194.89, said Reuters.

The pan-European FTSEurofirst 300 index lost 0.35 percent and MSCI's gauge of stocks across the globe gained 0.12 percent, it added.

Based on corporate announcements and news flow yesterday, the companies that may be in focus today could be the following: Sunway Bhd, Astro Malaysia Holdings Bhd, Berjaya Food Bhd, Bison Consolidated Bhd, Poh Huat Resources Holdings Bhd, MISC Bhd, Bumi Armada Bhd, JAG Bhd and Stone Master Corp Bhd.