MALAYSIAN shares are likely to tread lower today, hurt by weaker US financial markets and falls in commodity prices like palm oil, traders said.
Plantation stocks such as IOI Corp and Sime Darby could see some profit-taking on weaker crude oil prices while counters like construction firms such Malaysian Resources Corp and UEM Land may be bargain-hunting picks, said one trader.
“Both Malaysian Resources Corp and UEM Land fell on profit-taking yesterday but as they are related to United Malays National Organisation Party which holds its party elections this week, they may pick up,” said a dealer with an investment bank. - 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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