MALAYSIAN shares are likely to rise slightly today, tracking Wall Street’s jump, although any gains would be capped by concerns about the swine flu outbreak.
Investors may also be wary of taking large positions ahead of the long weekend, said a dealer with a local investment bank, pegging support for the main share index at 958 points.
The Malaysian stock market will be shut tomorrow to mark Labour day.
US stocks climbed yesterday after grim growth data offered hints of future expansion, a prospect reinforced by the Federal Reserve’s hopeful comments.
The Dow Jones industrial average rose 168.78 points, or 2.11 per cent, to 8,185.73. The Standard & Poor’s 500 Index gained 18.48 points, or 2.16 per cent, to 873.64. The Nasdaq Composite Index climbed 38.13 points, or 2.28 percent, to 1,711.94. - 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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