KUALA LUMPUR (Feb 6): The FBM KLCI is expected to move higher and attempt to breach the psychologically crucial 1,700 point level today, in line with the firmer close at most global markets last Friday. Major world stock indexes rose on Friday, with U.S. equities closing near record highs, as data showed the creation of more U.S. jobs than expected, while President Donald Trump's executive order to review banking regulations boosted financial sector shares, according to Reuters. U.S. nonfarm payrolls increased by 227,000 jobs last month, the largest gain in four months, but wages increased only modestly, suggesting slack in the labor market, it said. Based on corporate announcements and news flow last Friday, companies that may be in focus today could include the following: Bursa Malaysia Bhd, Tiong Nam Logistics Holdings Bhd, Lay Hong Bhd, Malaysia Airports Holdings Bhd, Borneo Aqua Harvest Bhd, Axiata Group Bhd and Kuantan Flour Mills Bhd.

Source: The Edge Markets February 05, 2017 22:10 UTC