MALAYSIAN stocks are expected to open lower today, following US markets that slipped on weak retail data and an unclear outlook from global chipmaker Intel Corp.
The Standard & Poor’s 500 Index ended down 2 per cent and the Nasdaq Composite Index shed 1.7 per cent. “I think (the Malaysian market) will open lower at first but then it will pick up momentum as later on in the day Malaysia may follow Asian markets which are looking stronger now,” said a local dealer.
“There may be a bit of profit-taking later on in the day,” the dealer said. - Reuters