KUALA LUMPUR (Nov 28): The FBM KLCI is expected to trade range bound today as external factors continue to feature on global markets, with President Donald Trump’s tarriff overtures ahead of the G20 summit will likely keep investors sentiment in check.

At the local bourse, sellers continue to outpace buyers, and foreign funds continue with their selling. To compound matters, Morgan Stanley yesterday had cut Malaysian stocks to “Underweight”.

Stocks on Wall Street eked out modest gains on Tuesday as traders remained hopeful that the United States and China can work toward resolving their trade-related differences at the upcoming G20 Summit, according to Reuters.

Oil prices remained weak, while the U.S. dollar, which has benefited from safe-haven flows this year amid increased uncertainty over global trade, rose against its peers, it said.

The Dow Jones Industrial Average rose 55.29 points, or 0.22 percent, to 24,695.53, the S&P 500 gained 2.36 points, or 0.09 percent, to 2,675.81 and the Nasdaq Composite dropped 6.86 points, or 0.1 percent, to 7,075.00, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include Tenaga Nasional Bhd, AWC Bhd, Wah Seong Corp Bhd, Hibiscus Petroleum Bhd, PPB Group Bhd, Sime Darby Property Bhd, Petronas Dagangan Bhd, MMC Corp Bhd, Time dotCom Bhd, Tan Chong Motor Holdings Bhd, Comfort Glove Bhd, Serba Dinamik Holdings Bhd, IHH Healthcare Bhd and Magnum Bhd.