Malaysian shares are expected to open little changed today as firmer US markets balance worries about the government’s assessment of the country’s economic performance for this year.
The Malaysian government said yesterday the economy is expected to shrink by up to 5 per cent in 2009, its biggest fall in a decade. “We expect the market to move sideways. There aren’t any new factors to drive the market higher,” said an analyst at a local investment bank.
US stocks climbed more than 1 per cent yesterday as higher oil prices drove up energy shares and falling yields in the bond market eased concerns that higher borrowing costs would hinder economic recovery.
The Dow Jones Industrial Average rallied 103.78 points (1.25 per cent) to finish at 8,403.80. The tech-heavy Nasdaq gained 20.71 points (1.20 per cent) to 1,751.79 and the Standard & Poor’s 500 index advanced 13.77 points (1.54 per cent) to 906.83. - 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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