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DJ Bursa Malaysia's Recent Rally Likely Prices in Robust Trading Activity -- Market Talk

· 02/04/2021 21:06

0206 GMT - Bursa Malaysia's shares have soared about 14% in the past three weeks, and UOB Kay Hian thinks this has priced in robust average daily trading value driven by the low-interest-rate environment. The brokerage believes the stock-exchange operator's current risk-reward is balanced, and downgrades Bursa's rating to hold from buy. Nonetheless, UOB KH maintains its target price at MYR9.10 to factor in expectations of a slight moderation in average daily trading value this year from an exceedingly high base in 2020. Shares are unchanged at MYR9.38. (chester.tay@wsj.com)

(END) Dow Jones Newswires

February 04, 2021 21:06 ET (02:06 GMT)

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