KUALA LUMPUR (March 8): The FBM KLCI is expected to continue trending sideways today in line with the overnight slip at most global markets. A measure of major stock markets around the globe slipped on Tuesday, with the Dow and S&P 500 on pace for their first back-to-back losses in more than a month, while expectations the Federal Reserve will raise interest rates supported the U.S. dollar, according o Reuters. Shares of large U.S. pharmaceutical and biotechnology companies sold off after a tweet from U.S. President Donald Trump on the need to lower drug prices. Shares of Pfizer Inc , Merck & Co and Amgen Inc each dropped around half a percent, it said. Based on corporate announcements and news flow yesterday, the companies that may be in focus today could include the following: TIME dotCom Bhd, Hap Seng Consolidated Bhd, Tenaga Nasional Bhd, Priceworth International Bhd, IHH Healthcare Bhd, Mesiniaga Bhd, Bursa Malaysia Bhd and Palette Multimedia Bhd.

Source: The Edge Markets March 07, 2017 19:07 UTC