Malaysian shares outlook - Flat to lower on weaker Wall Street |
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Published
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Thu, 13 Sep 2007 01:50
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KUALA LUMPUR (Thomson Financial) - Malaysian shares are expected to open flat to lower Thursday after Wall Street finished with a mixed performance overnight, with volume likely to be thin on the first day of the fasting month of Ramadan.Trading is expected to be rangebound until the FOMC meeting next week.'There were not enough leads in the local market after the budget announcement. Now everyone is just sitting quietly, waiting for next week to come,' CMS Dresdner Asset Management fund manager Philip Tan said.Yesterday, the Kuala Lumpur Composite Index (KLCI) closed down 0.39 point or 0.03 percent at 1,285.94.The FTSE Bursa Malaysia 30-large cap index lost 0.65 point or 0.01 percent to 8,156.33 and the second board index fell 0.45 point or 0.43 percent to 104.98.Stocks that are likely to outshine include those of Malaysian oil and gas services company Petra Perdana after it agreed to buy four vessels from Nam Cheong Dockyard Sdn Bhd for a total of 273.75 million ringgit.Malaysian ship builder Boustead Heavy Industries could also attract attention after its unit Boustead Penang Shipyard secured two contracts worth a total 93 million ringgit from Tanjung Offshore Services Sdn Bhd and Sealink Sdn Bhd.(1 US dollar = 3.49 ringgit)munfoo.hong@thomson.comhmf/jgmfh/jgCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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NASDAQ
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2374.41 |
-16.87 (
-0.71 %)
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2010-03-19 ) |
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CARNIVAL
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12:35pm )
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2650.00 |
+52.00 (
2.00 %)
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WHITBREAD
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12:35pm )
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1540.00 |
+21.00 (
1.37 %)
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| SYMBOL (
2010-03-19 )
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CHANGE
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| SYMBOL (
2010-03-19 )
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