KUALA LUMPUR (Feb 23): The FBM KLCI is seen opening flat today as market sentiment remains volatile and investors eye corporate earnings in the current reporting season.

Global stocks rallied on Monday, backed by a rise in oil and commodity prices, while the British pound suffered its biggest one-day loss in nearly six years against the dollar on fears Britain would leave the European Union, according to Reuters.

Sterling tumbled to a near seven-year low during the session after popular London Mayor Boris Johnson said he would campaign to leave the EU ahead of a June 23 referendum. The euro also endured its biggest single-session decline since November, it said.

The rally at the European markets and the rise in crude oil prices may not be sufficient enough to boost the local market given the mixed corporate earnings reported on Bursa Malaysia.

Based on corporate announcements and news flow yesterday, companies likely to be in focus today include: Malaysian Resources Corporation Bhd, Tiong Nam Logistics Holdings Bhd, Genting Plantations Bhd, Daibochi Plastics and Packaging Industry Bhd, Luxchem Corporation Bhd, DBE Gurney Resources Bhd, Alliance Financial Group Bhd, Tien Wah Press Holdings Bhd, MPHB Capital Bhd, UEM Sunrise Bhd, Telekom Malaysia Bhd, Handal Resources Bhd, Sunway Bhd and Amway (Malaysia) Holdings Bhd.