KUALA LUMPUR: HwangDBS Vickers Research expects share prices on the Malaysian bourse inching up on Sept 4.
It said in a market outlook report on Sept 4 the current month futures contract – which has swung from discount to premium (of 3.3 points) vis-à-vis the spot rate for the first time in three days – suggests a likely (marginal) positive bias in the underlying FBM KLCI ahead.
"Providing an added lift to investors’ sentiment is the overnight Wall Street rebound, which saw key U.S. equity indices up between 0.7% and 0.9% at the closing bell. To be sure, the strength of any run-up (in Malaysia as well as elsewhere in the region) today will also depend on the performance of the Chinese stock markets, which surged between 4.8% and 5.5% yesterday," it said.
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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