MALAYSIAN shares are seen rangebound today after US stocks fell overnight amid concerns that the Federal Reserve’s latest efforts to stem the US recession were too costly and untested.
Dealers said a lack of domestic corporate news inflow, as well as a weakening Malaysian economy, were also likely to keep the index in a narrow band.
“There is no trigger in the market and the turnover is also pretty thin,” said a local bank dealer.
“The index would move in a narrow band for now and will track the other markets in the region.”
The main index yesterday gained 0.5 per cent to 852.18 points, its highest level in more than a week. - Reuters
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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