MALAYSIAN shares are set to rise today after US stocks ended firmer on end-quarter buying and as positive news from Europe helped sentiment in US financial stocks.
“The market could go up today but I don’t see much upside given that trading volume has been very thin over the past few days,” said TA securities analyst Stephen Soo.
“There’s is a slight upside bias, but I also expect sellers to come in very soon, and the 880 points level is a very strong resistance for the benchmark index,” said Soo.
The Dow Jones Industrial Average jumped 86.90 points (1.16 per cent) to end at 7,608.92 as investors also went on “window dressing” their portfolios at the end of the first quarter Tuesday.
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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