It said the benchmark index subsequently traded to a high of 1,670.59 as market participants continued to play on the buying side in anticipation of a higher market. “Market participants were seen willing to play a buying game because the sell down on Jan 16 appeared to have carried no obvious cause. “So, what we saw in the last 2 days were market recoveries as a result of interaction among the market participants. “As such, the FBM KLCI would likely trade above the 1,670.59 level on Jan 19,” said AllianceDBS Research. Based on corporate announcements and news flow yesterday, companies that may be in focus today include Silk Holdings Bhd, Gadang Holdings Bhd, Genting Bhd, Mesiniaga Bhd, WCT Holdings Bhd, Axiata Group Bhd, Uzma Bhd, Guocoland (M) Bhd, Spring Gallery Bhd, Country View Bhd, FSBM Holdings Bhd, Tex Cycle Technology (M) Bhd, Green Packet Bhd and Yen Global Bhd.

Source: The Edge Markets January 18, 2017 21:56 UTC