KUALA LUMPUR (June 2): The FBM KLCI is expected to trade range bound today, in line with the overnight advance at most global markets.

Major world stock markets rose on Thursday, with the S&P 500 and Nasdaq hitting record highs on encouraging U.S. economic data, while oil prices stabilized near three-week lows following a bigger-than-expected drop in U.S. crude inventories, according to Reuters.

Surprisingly strong data on U.S. private jobs growth and factory activity in May revived traders' appetite for the dollar and reduced the safe-haven appeal of gold and U.S. and German government bonds, it said.

The Dow Jones Industrial Average rose 135.53 points, or 0.65 percent, to 21,144.18, the S&P 500 gained 18.26 points, or 0.76 percent, to 2,430.06 and the Nasdaq Composite added 48.31 points, or 0.78 percent, to 6,246.83, said Reuters.

Based on corporate announcements and news flow yesterday, companies that will be in focus today may include: 7-Eleven Malaysia Holdings Bhd, Perak Corp Bhd, RHB Bank Bhd, AMMB Holdings Bhd, XingQuan International Sports Holdings Bhd, Wah Seong Corp Bhd, Perisai Petroleum Teknologi Bhd, Westports Holdings Bhd, New Hoong Fatt Holdings Bhd, AppAsia Bhd and Mesiniaga Bhd.