Published: 2009/06/02
MALAYSIAN shares are expected to trade higher today, helped by Wall Street’s rise, although the market is likely to ease the following days on lingering worries about the global economy, said a technical analyst at a local bank.
The benchmark index would probably rise to 1,068-1,070 points today, the analyst said. US stocks rose yesterday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilise, while General Motors’ long-expected bankruptcy filing ended uncertainty about the automaker’s fate.
Oil jumped more than 3 per cent to hit a near seven-month high over US$68 a barrel yesterday as improving global factory activity bolstered expectations of an economic recovery. - 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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