KUALA LUMPUR (Feb 2): The FBM KLCI could rise today on some mild bargain hunting after the pre-Chinese New Year profit taking, in line with the overnight gains at most global markets.

Stocks advanced around the globe and the dollar edged higher on Wednesday as strong data suggested the global economy was picking up steam and the Federal Reserve released an upbeat statement on the health of the U.S. economy, according to Reuters.

The Fed left rates unchanged in its first meeting since President Donald Trump took office, but its relatively upbeat outlook suggested it was on track to tighten monetary policy this year, it said.

Based on corporate announcements and news flow last Friday, companies in focus today may include: Hua Yang Bhd, EKA Noodles Bhd, Petronas Dagangan Bhd, Esthetics International Group Bhd (EIG), CME Group Bhd, DRB-Hicom Bhd and Shell Refining Co (Federation of Malaya) Bhd.