KUALA LUMPUR (April 11): The ongoing geopolitical risks in the Middle East as well as a lack of fresh catalysts in the local market could keep the FBM KLCI under pressure today. “Market participants were still waiting for a clearer signal before parting their investible monies. “Following the down close on April 10, we should see selling attempts to push the market below 1,738,” it said. “As such, the FBM KLCI would likely trade below the 1,736.72 level on April 11,” said AllianceDBS Research. Based on corporate announcements and news flow yesterday, companies that might be in focus today include the following: LPI Capital Bhd, Malaysia Airports Holdings Bhd, Eco World International Bhd, YTL Corp Bhd, CIMB Group Holdings Bhd, Elsorft Research Bhd, YGL Convergence Bhd, Perak Corp Bhd, Rohas Tecnic Bhd and Mudajaya Group Bhd.

Source: The Edge Markets April 10, 2017 21:45 UTC