KLCI seen tracking global markets, move between 1,790-1,800

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KUALA LUMPUR (Sept 12): The FBM KLCI is seen trading range bound today, and move between the 1,790 and 1,800-levels, in line with the overnight gains at most global markets.

A broad index of world stock markets posted gains for a second straight day on Tuesday, as investors piled into U.S. technology and energy stocks even as a trade war loomed, according to Reuters.

MSCI's index of global equities gained 0.17 percent as investors awaited action from U.S. President Donald Trump after a deadline for public comment on additional tariffs on Chinese goods expired, it said.

The Dow Jones Industrial Average rose 113.99 points, or 0.44 percent, to 25,971.06, the S&P 500 gained 10.76 points, or 0.37 percent, to 2,887.89, and the Nasdaq Composite added 48.31 points, or 0.61 percent, to 7,972.47, said Reuters.

Based on corporate announcements and news flow last Friday, companies in focus today may include: IOI Properties Group Bhd, AirAsia Group Bhd, Bumi Armada Bhd, Country View Bhd, Chemical Company of Malaysia Bhd, Sunsuria Bhd, TDM Bhd, Serba Dinamik Holdings Bhd, TFP Solutions Bhd and Mexter Technology Bhd.