KUALA LUMPUR (Oct 24): The FBM KLCI is expected to trade range bound today as post Budget 2017 the market is stilll left without much fresh lead given the measures announced appear to be a continuation without any new leads. AllianceDBS IB in a review of Budget 2017 said that it had expected, the fiscal allocation in Budget 2017 appeared tight, leaving little room for new growth-boosting policies, as the market would have expected. “Budget 2017 represents the government’s challenge to consolidate public finances whilst supporting economic growth. “The policies appear to be a continuation of existing measures, rather than introducing fresh consumption boosting initiatives,” it said. Based on corporate announcements and news flow last Friday, stocks in focus today may include: Multi-Usage Holdings Bhd, Econpile Holdings Bhd, Pesona Metro Holdings Bhd and Sinotop Holdings Bhd.

Source: The Edge Markets October 23, 2016 21:45 UTC