KUALA LUMPUR, Sept 4 (Hemscott) - Malaysian stocks are likely to edge lower on Thursday, amid a lack of corporate news and growing political uncertainty ahead of the deadline set by opposition leader Anwar Ibrahim to topple the government.'Investors still have the Sept. 16 date in their minds, and they will probably wait for that to pass before taking any aggressive positions,' said a local brokerage house dealer.
Former deputy prime minister and now opposition leader Anwar says his party can form the next government with effect from Sept. 16.
'We are hoping that this deadline doesn't change now, whether Anwar is successful in achieving his goal or not, so that the market can move forward,' said the dealer. In a report on Wednesday, Credit Suisse flagged the continuing political instability in Malaysia, saying it remained 'underweight' on the country.
'Sentiment indices show a very sharp fall. Sentiment is far more bearish than the economic reality, a fact that can really only be explained by politics,' it said.
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