Massive selldown on Bursa set to pull down Q4 trading value

WITH Bursa Malaysia Bhd turning in an impressive set of results for its third quarter ended Sept 30, it still remains to be seen if equities and derivatives trading would meet revenue and profit expectations for the local stock exchange operator amid the current volatile economic environment.

A local research house analyst said that the sudden spike in trade augured well for Bursa. However, with such a huge sell down in August and September, the local index barometer may be on an insurmountable uphill battle to claw back up to its 1,550 point-range, which would mean that trading value would be significantly lower for the local bourse.