KUALA LUMPUR: HwangDBS Vickers Research expects share prices on the Malaysian bourse inching up on Sept 4.
It said in a market outlook report on Sept 4 the current month futures contract – which has swung from discount to premium (of 3.3 points) vis-à-vis the spot rate for the first time in three days – suggests a likely (marginal) positive bias in the underlying FBM KLCI ahead.
"Providing an added lift to investors’ sentiment is the overnight Wall Street rebound, which saw key U.S. equity indices up between 0.7% and 0.9% at the closing bell. To be sure, the strength of any run-up (in Malaysia as well as elsewhere in the region) today will also depend on the performance of the Chinese stock markets, which surged between 4.8% and 5.5% yesterday," it said.
Index heavyweight Sime Darby may see increased trading interest following a news report stating that the company may issue new shares (equivalent to a maximum of 10% stake) to a state-owned investment fund of China
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