Published: 2009/04/24
MALAYSIAN shares are expected to trade sideways with an upside bias today after Wall Street's gains yesterday.
"I expect rangebound trading today. Investors will be rather cautious because the US government is expected to release tonight the results of the bank stress tests," said an institutional dealer from a bank-backed brokerage.
"But any profit-taking is likely to be mild because local funds are still bulding up their positions. I expect the current rally to continue until local funds have a larger position in the market,"
Malaysian banks will be closely watched after a news website said the government may lift a 30 per cent shareholding cap in commercial banks. - 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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