Published: 2009/06/16
MALAYSIAN shares are likely to trade sideways today after US stocks fell to their worst level in a month and investors take a step back to re-assess the market’s three-month old rally. The Malaysian benchmark KLCI closed marginally higher at 1,091.2 points yesterday after flitting between positive and negative territories.
US stocks tumbled, marking their worst slide in a month yesterday after regional manufacturing data dented optimism about the economy’s health and resource shares fell alongside commodity prices. Oil fell nearly 2 per cent a barrel yesterday, extending its retreat from a near eight-month high as the dollar firmed and stock markets tumbled.
The Dow Jones industrial average fell 187.13 points, or 2.13 per cent, to 8,612.13. The Standard & Poor’s 500 Index lost 22.49 points, or 2.38 per cent, to 923.72. The Nasdaq Composite Index dropped 42.42 points, or 2.28 per cent, to 1,816.38. -- 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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