Thursday 18 Apr 2024
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KUALA LUMPUR (Nov 18): The FBM KLCI could struggle to breach the 1,670-level today following the persistent jittery sentiment at most global markets overnight.

Whilst global markets are still reeling from threats of terrorism after the bloodied attacks in Paris last week, Russian president Vladimir Putin’s vow of retribution to those responsible for planting a bomb in a Russian passenger jet plane over Sinai, Egypt that could further extend global geopolitical conflicts.

U.S. shares ceded gains on Tuesday after a soccer match in Germany was called off over fears of a planned bomb attack, while prices of longer-dated U.S. Treasuries rose on demand for low-risk government bonds, according to Reuters.

Oil prices fell sharply as worries returned about a glut of supplies, which also undercut equities. The U.S. dollar rose to a seven-month high as inflation data bolstered expectations of an impending interest rate hike, it said.

Sentiment at the local market remains cautious as gains yesterday were curtailed given the lack of fresh catalysts.

However, based on corporate announcements and news flow yesterday, companies that may be in focus today could include the following: DeGem, Daibochi, Wing Tai, JAKS Resources, Hong Leong Financial Group, Hong Leong Bank, Matrix Concepts, Heng Huat, Dialog, Kumpulan Europlus, Magna Prima, HeveaBoard, Box-Pack, Bina Darulaman and Dutch Lady.

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