KUALA LUMPUR (Oct 12): The FBM KLCI is expected to remain lackluster today and stay below 1,670 points in line with the overnight slump at Wall Street amidst declining crude oil prices. Slumping crude prices and a dour start to Wall Street's corporate earnings season pulled down U.S. and European equities on Tuesday, while the dollar hit an eight-month high on increasing bets U.S. interest rates will rise in December, according to Reuters. Wall Street fell more than 1 percent as shares of aluminum producer Alcoa and diagnostics test maker Illumina plunged, with worries over the make-up of the U.S. Congress after November's election also weighing on stocks, it said. Based on corporate announcements and news flow yesterday, companies that may be in focus today could include: Kamdar Group (M) Bhd, SMRT Holdings Bhd, Systech Bhd, Axiata Group Bhd, Gabungan AQRS Bhd, Pos Malaysia Bhd and Nexgram Holdings Bhd.

Source: The Edge Markets October 11, 2016 22:07 UTC