KUALA LUMPUR (Dec 9): The FBM KLCI is expected to stay wobbly today amidst the overnight slip at most global markets weighed by a combination of weak China trade figures and falling crude oil prices.

Sentiment at the local market may also remain jittery over the party-infighting going on within Umno after it was reported that a group of Umno grassroots members had filed a report with the Registrar of Societies over the RM2.6 billion channelled into embattled party president and Prime Minister Datuk Seri Najib Razak’s personal bank accounts.

Stock markets worldwide slipped on Tuesday, weighed down by weak China trade figures, while oil came off its worst levels of the day after falling within reach of a seven-year nadir.

Oil prices earlier plumbed lows last seen during the financial crisis as an intensifying supply glut sparked fears the world will run out of storage for crude. U.S. crude hit $36.64 a barrel and Brent hit $39.81, their lowest levels since February 2009, before rebounding.

Meawnhile, the Edge Financial Daily on Tuesday reported that Foreign funds sold RM1 billion net in November, reversing the RM622 million net inflow in October, citing MIDF Research.

In his weekly fund flow report Monday, MIDF Research head Zulkifli Hamzah said foreign funds sold RM161.3 million in the open market last week, reversing the RM128 million mopped up in the week before.

With few fresh catalysts, the local bourse has stayed less than exciting for investors who have been looking for external factors for guidance, but those too have not been very encouraging.

As such, the FBM KLCI could likely struggle to snap out of the 1,670-1680 band today.

Based on filings yesterday and news flow, the stocks that could be in focus today include Tenaga Nasional Bhd, MMC Corporation Bhd, DRB-Hicom Bhd, Willowglen MSC Bhd, Cepatwawasan Group Bhd, Eduspec Holdings Bhd, Ideal Sun City Bhd, Astro Malaysia Bhd and Spring Gallery Bhd.