MALAYSIA'S stock market is expected to open higher today, spurred by confidence in western markets that rose on the back of positive earnings from JPMorgan pointing to early signs of a financial stabilisation. “I think the market will follow through because the sentiment is there, even though they just ignore some economic data,” a local dealer said.
Malaysia released weak manufacturing sales data yesterday that showed sales fell 26.1 per cent in February and a revised 29.1 per cent in January. “But maybe because today is Friday in between there will be some profit-taking,” the dealer said.
The Dow Jones industrial average rose 95.81 points, or 1.19 per cent, to 8,125.43. The Standard & Poor’s 500 Index gained 13.24 points, or 1.55 per cent, to 865.30. The Nasdaq Composite Index jumped 43.64 points, or 2.68 per cent, to 1,670.44. - 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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