February 24, 2018
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KUALA LUMPUR (Feb 14): Activities on Bursa Malaysia are seen subdued today in line with the weaker overnight close at most global markets, and as local investors are likely to remain on the sidelines ahead of the shortnened trading week in view of the Lunar New Year (CNY) holidays starting this Friday.

Investors may take a wait and see approach on the direction of the local market until next week when trading commences post CNY holidays.

The benchmark FBM KLCI, however, is expected to stay above the 1,800-point level.

U.S. bond yields and world equity markets dipped on Tuesday, ahead of a widely anticipated U.S. inflation report later this week that may provide some indication of the pace of future interest rate hikes by the Federal Reserve.

Major stock indexes in the U.S. and Europe inched lower and a gauge of global equity performance fell modestly, with gains in Asian heavyweights Tencent, Samsung, Alibaba and Taiwan Semiconductor offsetting some downward pressure.

The Dow Jones Industrial Average fell 118.7 points, or 0.48 percent, to 24,482.57. The S&P 500 lost 8.9 points, or 0.34 percent, to 2,647.1 and the Nasdaq Composite dropped 13.40 points, or 0.19 percent, to 6,968.56.

Based on corporate announcements and news flow yesterday, stocks in focus today may include: MISC Bhd, Three-A Resources Bhd, Seacera Group Bhd, Damansara Realty Bhd, Southern Steel Bhd, Goldis Bhd, Borneo Oil Bhd, Denko Industrial Corp Bhd, British American Tobacco (Malaysia) Bhd (BAT) and Pansar Bhd. 

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