Malaysian shares seen down politics; Maybank in focus

KUALA LUMPUR, Aug 5 (Reuters) - Malaysian shares are
expected to fall for a second straight day on Tuesday due to
lingering worries about the uncertain domestic political
situation.

"Sentiment is a bit cautious with the political scenes
around," said a dealer with a local brokerage.

"Investors will continue to take profit after last week's
month-end rally," she said.

Opposition leader Anwar Ibrahim said on Monday he was
confident he can win over enough government legislators in a
parliamentary vote in September to end over 50 years of rule by
one party. [ID:nKLR242562]

Malaysia's top lender Maybank (MBBM.KL) may be in focus
amid hopes that the central bank may allow Maybank to take a
controlling stake in Bank Internasional Indonesia (BNII.JK)
after a surprise move last week to block the deal.
[ID:nKLR342436]

Bank Negara Malaysia, the central bank, may allow Maybank
to proceed with the acquisition if Indonesian regulators relax
demands that Maybank cut its stake in BII within two years, a
financial source said on Monday.

On Monday, the benchmark Kuala Lumpur Composite Index
.KLSE lost 0.9 percent to close at 1,148.68 points. The
August index futures KLIQ8 put the index at 1,140.5 points.

Here are news stories and factors that may affect the
Malaysian stock market on Tuesday.

------------ --MARKET SNAPSHOT @ 23:59 GMT
------------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 .SPX 1,249.01 -0.9% -11.300

USD/JPY JPY= 108.20 0.01% 0.010

10-YR US TSY YLD US10YT=RR 3.972 -- 0.002

SPOT GOLD XAU= $893.40 -0.03% -0.250

US CRUDE CLc1 $120.61 -0.66% -0.800

DOW JONES .DJI 11284.15 -0.37% -42.17

ASIA ADRS .BKAS 137.87 -2.57% -3.64
-------------------------------------------------------------
MALAYSIA ASKS TOLL ROAD OPERATORS TO CUT PRICES-PAPAR

-- The government has proposed to toll road operators in
the larger Kuala Lumpur area to reduce their rates, the Edge
Financial Daily reported on Tuesday, citing unnamed sources.

The Malaysian Highway Authority has sent out letters to the
concessionaires in the Klang Valley asking them to reduce their
rates by 15 percent to 20 percent, the Malaysian newspaper
said. > Malaysia Anwar says he is on track for power
[ID:nKLR242562] > Malaysia's c.bank may allow Maybank-BII deal
[ID:nKLR342436] > Malaysia MMC to buy airport ops, water firms
[ID:nKLA007800] > ASEAN energy ministers meet after subsidy
cut [ID:nSP314765 ] > Temasek shortlists 5 in Senoko
sale-sources [ID:nHKG270080] > SEA Stocks-End down on global
growth worries [.SO] > Asian palm slides 2 pct on
soyoil, crude oil [ID:nJAK253085] > US STOCK-Financials,
energy shares weigh on Wall St [.N] > Oil falls to
3-month low as OPEC output rises [O/R] >
FOREX-Tumbling on oil price, upbeat US data lift dollar [USD/]
> TREASURIES-Prices slip before Fed meeting, new supply
[US/] > Gold drops more than 1 pct as oil tumbles
[GOL/]
(Reporting by Soo Ai Peng; Editing by Louise Heavens)