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