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Wednesday, February 24, 2010
Market Review
Listless trading. Asian markets were bolstered by speculation that Dubai World will be given government assistance. That said, it was an another pretty much uneventful day for the Malaysian market with continued lackluster trading. Top headlines for today: (i) the Cabinet is expected to discuss the proposed tariff hike today, which if approved is expected to take effect next month; (ii) the Securities Commission to amend unit trust guidelines; and (iii) CIMB’s best ever profit recorded. For today, the market could well receive a boost from the sterling showing from CIMB despite the overnight fall on the Dow while attention should gravitate towards the country’s 4Q09 GDP number which will be announced later today.
Wednesday, February 24, 2010
Market Review
Listless trading. Asian markets were bolstered by speculation that Dubai World will be given government assistance. That said, it was an another pretty much uneventful day for the Malaysian market with continued lackluster trading. Top headlines for today: (i) the Cabinet is expected to discuss the proposed tariff hike today, which if approved is expected to take effect next month; (ii) the Securities Commission to amend unit trust guidelines; and (iii) CIMB’s best ever profit recorded. For today, the market could well receive a boost from the sterling showing from CIMB despite the overnight fall on the Dow while attention should gravitate towards the country’s 4Q09 GDP number which will be announced later today.
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