Bursa cautiosly optimistic of H2 performance (1818)

Bursa Malaysia Bhd is cautiously optimistic of its financial
performance for the second half of the year, largely influenced by the
economic uncertainities in Europe and the United

States.



Chief executive officer Datuk Tajuddin Atan said first half
performance was impressive with the listing of the world's second
largest initial public offering, Felda Global Ventures Bhd, playing a
major factor.



"Based on the first half performance, we hope the momentum will
continue given the fact that the market continues to show some recovery
signals.



"But we are proud that our first half financial performance is
relatively stronger than other exchanges in the region," he told a
press conference today.






Tajuddin added that Bursa Malaysia was hopeful that Malaysia's
strong economic fundamentals coupled with various government
initiatives would, to some extent, mitigate the adverse impact of the
global economic weakness, thus sustaining the momentum of Bursa's
securities market. -- BERNAMA