KUALA LUMPUR (Sept 20): The FBM KLCI is seen trending sideways today and hover around the 1,800-point level, in line with the overnight rally at most global markets.

However, gains could be capped as sentiment at the domestic market is expected to remain in its consolidation mode.

World stock markets rallied for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would inflict less damage than feared, according to Reuters.

European shares gained on trade-sensitive materials and auto stocks, while on Wall Street the S&P 500 and the Dow industrials were buoyed by U.S. bank stocks on the back of higher Treasury yields. The Dow hit its highest close since late January, it said.

On Wall Street, the Dow Jones Industrial Average rose 158.8 points, or 0.61 percent, to 26,405.76. The S&P 500 gained 3.64 points, or 0.13 percent, to 2,907.95 and the Nasdaq Composite dropped 6.07 points, or 0.08 percent, to 7,950.04, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include the following: Axiata Group Bhd, HB Global Ltd, Glomac Bhd, Berjaya Sports Toto Bhd, Eduspec Holdings Bhd, PanPages Bhd, Kim Teck Cheong Consolidated Bhd and Salcon Bhd.