MALAYSIAN shares could extend the week’s gains today, as strong US data raised hopes of a sustained economic recovery. However gains could be limited by an uninspiring performance on US stockmarkets overnight and by profit-taking in oil and commodities markets, a trader said.
US stocks rose for a fourth straight day yesterday as an upbeat report on home sales bolstered hopes for an economic recovery as well as shares in construction companies. But a sell-off in financials on worries about the dilutive impact of recent stock offerings limited a broader advance.
The Dow Jones industrial average added 19.43 points, or 0.22 per cent, to 8,740.87. The Standard & Poor’s 500 Indexgained 1.87 points, or 0.20 per cent, to 944.74. The Nasdaq Composite Index rose 8.12 points, or 0.44 per cent, to 1,836.80. -- 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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