KUALA LUMPUR (March 14): The FBM KLCI is expected to trend sideways today in line with the overnight pause at Wall Street, with its immediate hurdle seen at 1,729. It said following the up close, the weekly FBM KLCI is likely to move higher with immediate hurdle at 1,729. The research house said stock advancers that contributed to the rise in this index include Astro Malaysia Holdings Bhd (up 5 sen or 1.77%), CIMB Group Holdings Bhd (up 1.5 sen or 2.87%), and Axiata Group Bhd (up 11 sen or 2.38%). “The moving average analysis shows that the weekly FBM KLCI remains sideways with upside bias as the 50-week MA line is seen turning up,” said AllianceDBS Research. Based on corporate announcements and news flow yesterday, companies that may be in focus today may include the following: Sunway Construction Group Bhd, UEM Sunrise Bhd, IOI Properties Group Bhd, Tanco Holdings Bhd, Edaran Bhd, TRC Synergy Bhd, Sasbadi Holdings Bhd and Salutica Bhd.

Source: The Edge Markets March 13, 2017 22:54 UTC