KUALA LUMPUR (Jan 27): The FBM KLCI could inch toward the crucial 1,700-point level today in cautious trade ahead of the extended weekend in a shortened trading period Friday. Trading on Bursa Malaysia will be limited to the morning session today and resume on Jan 31, with another holiday on Feb 1 for the Federal Territories Day. The dollar rebounded from a seven-week low as investor demand improved with higher global bond yields and stable stock markets. The return of risk appetite in the financial market boosted oil prices, it said. Based on corporate announcements and news flow yesterday, stocks in focus today may include Sime Darby Bhd, Ekovest Bhd, Pensonic Holdings Bhd, IHH Healthcare Bhd, YNH Property Bhd, Kelington Group Bhd, Cycle & Carriage Bintang Bhd and Sin Heng Chan (Malaya) Bhd.

Source: The Edge Markets January 26, 2017 22:30 UTC