MALAYSIAN shares are expected to open higher today on follow-through buying after last week’s 3.1 per cent rise. “I think the market should go up, the key index may test the 1,050 points level, if the index breaks that level, the next resistance will be 1,085 points,” said an institutional dealer from a leading Malaysian brokerage.
“Malaysia has been lagging behind regional markets, foreign funds will eventually come in as they have been a net seller of our market for the past few months. Actually some of them have already started nibbling,” said the dealer.
Banking, plantation and construction stocks may lead the uptrend, she said, adding that lender AMMB, builder Gamuda and oil palm grower Sime Darby are stocks that still offer upside potential. US stocks fell for a fourth day on Friday on persistent worries about the US budget deficit, with US Treasuries and the dollar losing ground. - 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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