http://www.forbes.com/afxnewslimited/feeds...afx5343668.html KUALA LUMPUR, Aug 21 (Reuters) - Malaysian shares may get a short-term boost on Thursday from a rally on Wall Street overnight but domestic politics and low volumes will continue to be negatives, dealers said.
The benchmark Kuala Lumpur Stock Index <.KLSE> closed 0.35 percent higher at 1073.21 points on Wednesday.
The Malaysian government may finally make a decision on the delayed multibillion ringitt high-speed broadband network, for which Telekom Malaysia <TLMM.KL> has bid. A decision may come after a ministry meeting which starts at 1500 local (0700 GMT).
Its stock closed Wednesday at 3.480 ringgit.
'Volumes are low and the domestic political situation is unstable,' said one trader.
Malaysia's de facto opposition leader Anwar Ibrahim is campaigning ahead of a Aug. 26 by-election which could see him return to parliament after a decade out of office and he has said he will topple the government in a parliamentary vote in September.
Political uncertainty has pressured Malaysian assets across the board since a March general election.
CSFB reiterated its 'neutral' rating on Malaysian Bulk Carriers <MBCB.KL> and cut its price target by 10 percent to 3.80 ringgit after it posted first half earnings which it said came in at 54.1 percent of consensus estimates and at 40 percent of its own full year forecast.
Shares of Malaysian steelmaker Perwaja Holdings <PWJH.KL> closed Wednesday at 2.48 ringgit after being priced in their initial offering at 2.90 ringgit.
----------------------MARKET SNAPSHOT @ 0039 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 <.SPX> 1274.54 0.62% 7.850
USD/JPY <JPY=> 109.62 -0.17% -0.190
10-YR US TSY YLD <US10YT=RR> 3.799 -- -0.006
SPOT GOLD <XAU=> 816.65 0.49% 4.000
US CRUDE <CLc1> 115.90 0.29% 0.340
DOW JONES <.DJI> 11417.43 0.61% 68.88
ASIA ADRS <.BKAS> 136.81 1.51% 2.03
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(Reporting by David Chance; Editing by Faisal Aziz)
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