Published: 2009/09/05
Malaysian share prices are expected to make gains next week amid strong market sentiment in the US and China, analysts said yesterday.
“If China and Hong Kong do not correct further, based on the positive economic signals from the US, Malaysian stocks look to gain next week,” said Stephen Soo, a technical analyst with local brokerage TA Securities.
“Earlier this week, we saw a correction in (the) local market as a result of dips in the US but it was holding steady by midweek following better economic numbers from China,” he added.
“A concern now is the low trading volume which really needs to increase in order to stabilise the market and to see a greater basis for positive sentiment.”
He tipped the key index to trade in a range of 1,156-1,196 points.
For the week to September 4, the Kuala Lumpur Composite Index lost 15.0 points, or 1.29 per cent, to close at 1,178.74. -- AFP
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;
music
Create a playlist at MixPod.com
