KUALA LUMPUR (Oct 21): The FBM KLCI is expected to trade range bound today ahead of the tabling of Budget 2017 at 4pm by Prime Minister Datuk Seri Najib Razak. With the much touted U.S. Presidential debate over, all domestic focus will now be on Budget 2017. “In the broader market, losers outnumbered gainers with 417 stocks ending lower and 342 stocks finishing higher. “The analysis of overall market action on Oct 20 revealed that buying power was stronger than selling pressure. “As such, the FBM KLCI would likely trade above the 1,671.49 level on Oct 21,” said AllianceDBS Research.

Source: The Edge Markets October 20, 2016 21:56 UTC