KLCI to trade range bound, lack of domestic catalysts to limit gains

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KUALA LUMPUR (Feb 14): The FBM KLCI is expected to trade range bound today, riding on the firmer overnight close at most global markets, whilst a lack of domestic catalysts could limit the index’s gains.

Hopes for a resolution in a prolonged trade spat between the United States and China helped extend a week-long rally in world stock markets on Wednesday, and bond yields also climbed.

European shares rose 0.6 percent following broad gains in Asia. MSCI's gauge of stocks across the globe gained 0.44 percent.

On Wall Street, the Dow Jones Industrial Average rose 117.51 points, or 0.46 percent, to 25,543.27, the S&P 500 gained 8.3 points, or 0.30 percent, to 2,753.03 and the Nasdaq Composite added 5.76 points, or 0.08 percent, to 7,420.38.

Based on corporate announcements and news flow today, stocks in focus on Thursday (Feb 14) may include: Vertice Bhd, CB Industrial Product Holding Bhd, KNM Group Bhd, RHB Bank Bhd, Scomi Group Bhd, Utusan Melayu (Malaysia) Bhd, Integrated Logistics Bhd and Teo Guan Lee Corp Bhd.