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AmInvestment upgrades Bursa Malaysia to 'buy'on higher trading volume


on the back of higher daily average trading volume (DATV) in the securities market.
The research house had on Thursday raised the stock exchange operator s FY20/21 earnings estimates by 4.9% and 7.3% on DATV of RM4.2bil and RM3.2bil.
We had earlier expected the DATV for securities market to taper in FY21 with the reintroduction of regulated short selling (RSS) and gradual lifting of the suspension in intraday short selling of proprietary day trading (PDT) and flexibilities in share margin financing.
However, with the rise in new Covid-19 cases and uncertainties on the duration of the latest lockdowns, volatility continued to persist in markets. ....

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