Published: 2009/10/23
MALAYSIAN shares ended up 0.56 per cent today in a muted response to the 2010 budget, which focused on reining in government spending and reducing the deficit, dealers said.
The Kuala Lumpur Composite Index rose 7.08 points to 1,267.10.
“Buying interest was largely driven by local government-led funds with the focus on big cap stocks throughout the day,” one dealer told Dow Jones Newswires.
“Budget headlines were very much within expectations and there were no major positive surprises aside from the government’s plan to bring down the 2010 deficit to RM40.5 billion or 5.6 per cent of GDP,” he said.
Among major stocks, Sime Darby rose 2.4 per cent to RM9.07
, CIMB gained 1.4 per cent to RM12.74 and IJM Land lost 2.7 per cent to RM2.49. - 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
