KUALA LUMPUR (Nov 7): The FBM KLCI is expected to trade range bound today in line with the weaker close at most global markets last Friday, with the U.S. presidential election just a day away. Global equity markets slipped on Friday on investor fears about the outcome of Tuesday's U.S. presidential election, while oil prices fell on worries about surging inventories and whether OPEC members will adhere to planned production limits, according to Reuters. Election-related jitters sent the U.S. dollar to a more than one-month low against the safe-haven Swiss franc, while weakness in oil prices raised concerns about low inflation and pushed U.S. Treasury prices higher, it said. Based on corporate announcements and news flow last Friday, stocks in focus today may include: Boustead Holdings Bhd, The Store Corp Bhd, SLP Resources Bhd, Reach Energy Bhd, Malaysia Smelting Corp Bhd (MSC), BHS Industries Bhd and Tenaga Nasional Bhd.

Source: The Edge Markets November 06, 2016 21:55 UTC