KUALA LUMPUR (Feb 24): The FBM KLCI could open higher today in line with the overnight gains at most global markets, lifted by some mild bargain hunting at the local bourse. Selles had outpaced buyers by 555 to 328, while 358 counters traded unchanged. Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. President Donald Trump and his Treasury chief on plans for job creation and tax reform, according to Reuters. The dollar was bogged down a day after minutes from the Federal Reserve's latest policy meeting showed the U.S. central bank was in no rush to raise interest rates, it said. Based on corporate announcements and news flow yesterday, companies in focus today may include: S P Setia Bhd, Malayan Banking Bhd, Axiata Group Bhd, Pos Malaysia Bhd, Genting Malaysia Bhd, Magnum Bhd, Unisem (M) Bhd, IHH Healthcare Bhd, IJM Corp Bhd, AirAsia Bhd and Sunway Construction Group Bhd.

Source: The Edge Markets February 23, 2017 22:07 UTC