Malaysian shares are expected to open lower as investors take profits from recent sharp gains and after Wall Street ended lower ahead of the release of the US government’s stress test on bank tomorrow.
“We’ll probably see profit-taking continuing from yesterday. The market is in overbought conditions,” said an institutional dealer at a local investment bank.
US stocks fell yesterday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.
The Dow Jones industrial average dipped 16.09 points, or 0.19 per cent, to 8,410.65 points. The Standard & Poor’s 500 Index shed 3.44 points, or 0.38 per cent, to 903.80. The Nasdaq Composite Index dipped 9.44 points, or 0.54 per cent, to 1,754.12. - 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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