KLCI expected to struggle in line with weaker global markets, immediate support at 1,750

-A +A

KUALA LUMPUR (July 30): The FBM KLCI is expected to struggle today in line with the weaker overnight fall at most global markets last Friday, with immediate support seen at 1,750.

World shares fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies, according to Reuters.

The MSCI All-Country World Index, which tracks shares in 47 countries, was down 0.20 percent, though it still marked its fourth weekly advance, it said.

The Dow Jones Industrial Average fell 76.01 points, or 0.3 percent, to 25,451.06, the S&P 500 lost 18.62 points, or 0.66 percent, to 2,818.82 and the Nasdaq Composite dropped 114.77 points, or 1.46 percent, to 7,737.42, said Reuters.

Based on corporate announcements and news flow last Friday, companies that may be in focus today may include the following: Dayang Enterprise Holdings Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Velesto Energy Bhd, Sunway Construction Group Bhd, Uzma Bhd, Sapura Energy Bhd, Axiata Group Bhd, Malayan Banking Bhd and Gabungan AQRS Bhd.