MALAYSIAN shares are expected to open higher today, following Wall Street gains on encouraging US data that showed the recession may be slowing.
“Just looking at the Dow’s gains last night, I think that should be positive for the market today. We could probably see the market inching up to its next resistance level,” said a local dealer.
The market will also be supported by this week’s results from two big Malaysian companies, Tenaga and Public bank, which were within expectations, said the dealer.
The Dow Jones Industrial Average surged 109.44 points (1.38 per cent) to 8,029.62. The tech-heavy Nasdaq composite edged up 1.08 point (0.07 per cent) to 1,626.80 and the broad-market Standard & Poor’s 500 index advanced 10.56 points (1.25 per cent) to 852.06. - 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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