KUALA LUMPUR (Dec 29): The FBM KLCI is expected to tread cautiously today and seen opening lower in line with the weaker overnight global equities hit by a steep fall in crude oil prices amidst muted trading volumes.

However, year-end window dressing activities may support the local index and keep it above the 1,670-point level on sustained buying momentum of select blue chips.

Global equities were lower on Monday, pressured by another downdraft in oil prices and worries over growth in China's economy, while the holiday season kept trading volumes muted, according to Reuters.

Prices of both Brent and US crude dropped more than 3%, reversing a brief rebound and dragging US energy shares down 1.8% as the worst performing of the major S&P sectors, it said.

Based on corporate announcements and news flow yesterday, the companies that may be in focus today could include the following: Ewein Bhd, UEM Edgenta Bhd, Mah Sing Group Bhd, PUC Founder Bhd, Poh Huat Resources Holdings Bhd, Konsortium Transnasional Bhd, Inix Technologies Holdings Bhd, Yinson Holdings Bhd and Tek Seng Holdings Bhd.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)