KUALA LUMPUR: Hwang DBS Vickers Research said it could see the benchmark FBM KLCI ? which has stood fairly resilient by treading within a 6-point range the past five days ? dropping a couple of points on Wednesday, Aug 11.

This follows an overnight fall on Wall Street. Key U.S. equity indices ? despite staging a late rebound ? were still down between 0.5% and 1.2% at the closing bell.

The initial downbeat sentiment was subsequently lifted by the Federal Reserve?s decision ? while maintaining the federal funds rate ? to reinvest proceeds from expiring mortgage-backed securities in longer-term Treasury securities, effectively keeping an accommodative stance as the pace of economic recovery is anticipated to be more modest.

On Bursa Malaysia, four new European-style cash settled call warrants will be listed.

They are:
(a) BJCorp-CC (exercise price of RM1.00; exercise ratio of 2 warrant-to-1 share);
(b) HSBC-C7 (exercise price of HKD78.00; exercise ratio of 40 warrant-to-1 share);
(c) Plus-CC (exercise price of RM3.50; exercise ratio of 4 warrant-to-1 share); and
(d) IOI Corp-CO (exercise price of RM4.90; exercise ratio of 6 warrant-to-1 share).