KUALA LUMPUR (April 10): The FBM KLCI is expected to trade range bound today with its immediate hurdle at 1,748 points. “In the broader market, losers outnumbered gainers with 515 stocks ending lower and 425 stocks finishing higher. It said following the up close on April 7, there should be buying attempt again to carry the market higher with immediate hurdle at 1,748. “As such, the FBM KLCI would likely trade above the 1,741.74 level on April 10,” said AllianceDBS Research. Based on corporate announcements and news flow last Friday, companies that may be in focus today could include the following: SKH Consortium Bhd, Key Alliance Group Bhd, CAB Cakaran Corp Bhd, Superlon Holdings Bhd, Kwantas Corp Bhd, Ekovest Bhd and Yong Tai Bhd.

Source: The Edge Markets April 09, 2017 21:33 UTC