KUALA LUMPUR (Jan 26): The FBM KLCI is expected to extend its gains today riding on the overnight momentum at most global markets. However, gains could be limited as local investors could have joined the exodus to return to their hometowns ahead of the extended weekend for the Lunar New Year holidays, and the shorter trading period on Friday. Global equity prices rallied and the Dow Jones Industrial Average blew past the psychological 20,000 level on Wednesday, lifted by strong Japanese trade data, robust earnings and hopes that U.S. President Donald Trump will press ahead with a large fiscal spending package. The rally in stocks boosted U.S. Treasury debt yields, but lingering concerns about growing protectionism and the potential negative effects on global trade and growth pushed the U.S. dollar lower. Based on corporate announcements and news flow yesterday, stocks in focus today could include Spritzer Bhd, IGB Real Estate Investment Trust, Genting Plantations Bhd, Hua Yang Bhd, Magna Prima Bhd, Gadang Holdings Bhd, Zhulian Corp Bhd, CCM Duopharma Biotech Bhd and Stone Master Corp Bhd.

Source: The Edge Markets January 25, 2017 21:31 UTC