KUALA LUMPUR (Oct 6): The FBM KLCI is expected to trend higher today in line with the overnight gains at Wall Street, with a trading range between 1,652 and 1,672. However, it said weak follow through selling pressure in the area of 1,656.28 prompted supportive buying interest to chip in. “In the broader market, losers outnumbered gainers with 477 stocks ending lower and 288 stocks finishing higher. “As such, the FBM KLCI would likely trade above the 1,664.25 level on Oct 6,” said AllianceDBS Research. Based on corporate announcements and news flow yesterday, companies that will be in focus today may include: Kossan Rubber Industries Bhd, Mega First Corp Bhd, Berjaya Corp Bhd, Tien Wah Press Holdings Bhd, Pintaras Jaya Bhd, Ho Hup Construction Company Bhd , BLD Plantation Bhd, Multi Sports Holdings Ltd and Multi-Usage Holdings Bhd.

Source: The Edge Markets October 05, 2016 21:45 UTC