February 18, 2009 / 11:45 PM / 10 years ago

Malaysian shares seen flat, eyes on earnings

 KUALA LUMPUR, Feb 19 (Reuters) - Malaysian shares are likely to stay flat on Thursday, amid growing fears of a global economic slowdown, and dealers said investors were now looking forward to the corporate earnings of big caps in coming days.
 "There is not much direction from the U.S. markets today, which indicates an uncertain start. I would say the market would be flat, with a slight downward bias," said a dealer at a local brokerage house.
  The main Wall Street indices ranged from a 0.2 percent loss to a 0.04 percent gain overnight, after U.S. President Barack Obama said the government would spend $275 billion to prop up the housing market, as data showed housing starts hitting a record low.
 Dealers said investors were also looking forward to the quarterly earnings announcements of major companies like Maybank (MBBM.KL) and Sime Darby (SIME.KL) over the next few days.
 Malaysia's benchmark stock index  closed down 0.37 percent at 895.23 points on Wednesday.
 Here are the factors that may affect Malaysian stocks on Thursday. ----------------------MARKET SNAPSHOT @ 2330 GMT ------------
                INSTRUMENT     LAST     PCT CHG   NET CHG S&P 500            .SPX        788.42      -0.1%    -0.750 USD/JPY            JPY=         93.66     -0.12%    -0.110 10-YR US TSY YLD  US10YT=RR     2.768        --      0.000 SPOT GOLD           XAU=      $984.55      0.01%     0.050 US CRUDE            CLc1       $34.70      0.23%     0.080 DOW JONES           .DJI      7555.63      0.04%      3.03 ASIA ADRS           .BKAS       82.47      1.25%      1.02 ------------------------------------------------------------- > US STOCKS-S&P, Nasdaq dip as housing plan fails to cut fear[.N] > SEA Stocks-S'pore bounces; Malaysia near 2-week lows     [.SO] > Malaysia KL Kepong Q1 net profit drops             [nWNAS6623] > Malaysia Dec manufacturing sales down 20.8 percent [nKLA008153] > VEGOILS-Palm down but off 9-day low on short-covering   [POI/] > Oil prices fall further on economic gloom                [O/R] > TREASURIES-Prices fall as housing plan implies more debt [US/] > FOREX-U.S. dollar at 6-week peak versus yen             [USD/] > PRECIOUS-Gold surges to 7-mth high on safe-haven bying  [GOL/]  (Reporting by Faisal Aziz)   

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below