“In the broader market, losers outnumbered gainers with 403 stocks ending lower and 372 stocks finishing higher. “However, market participants became cautious in their buying game when the market was approaching the 1,672 hurdle. The research house said instead of waiting for something positive to happen, risk adverse market participants had chosen to avoid going through the pain of trading loss. “As such, the FBM KLCI would likely trade above the 1,670.93 level on Oct 20,” said AllianceDBS Research. Based on corporate announcements and newsflow yesterday, companies in focus today could include Digi.com Bhd, Maxis Bhd, WZ Satu Bhd, Ajinomoto (M) Bhd, Priceworth International Bhd and Emico Holdings Bhd.

Source: The Edge Markets October 19, 2016 21:45 UTC