MALAYSIAN shares are likely to trade sideways today as investors stay cautious on the earnings season, which has largely been within expectations, gets under way and Wall Street’s lower close last week.
“The earnings season has been nothing to shout about so far and there are really no fresh leads at this point,” said an analyst with a local investment bank.
He said the market may trade between 980 and 1000 points with some focus on Malaysia Airlines, mobile phone services operator Axiata and its parent Telekom Malaysia that are expected to report earnings this week.
US stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data. - 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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