KUALA LUMPUR (March 28): The FBM KLCI is expected to trade range bound and remain below the 1,750-point level today in line with the overnight close at most global markets. Stocks, the dollar and U.S. long-dated Treasury yields steadied after sharp drops on Monday, as investors hoped U.S. President Donald Trump will be able to bolster the economy despite a defeat over healthcare reform, according to Reuters. Trump's failure to rally enough support from his own party, - which controls both houses of the U.S. Congress, to repeal and replace Obamacare spurred a rush to safe-haven assets such as gold, the Japanese yen and the Swiss franc before nerves steadied, it said. Based on corporate announcements and news flow yesterday, stocks in focus today may include: CIMB Group Holdings Bhd, IHH Healthcare Bhd, Perdana Petroleum Bhd, Teck Guan Perdana Bhd, Bison Consolidated Bhd, Scomi Group Bhd, Top Glove Corporation Bhd and BCB Bhd.

Source: The Edge Markets March 27, 2017 21:33 UTC