Malaysia IPOs jump as economy improves and investors return to the stock market

Quick Summary:

There were 28 initial public offerings on Bursa Malaysia in the first seven months of the year.

Mr Chooi added that “the outlook for 2024 and 2025 remains bright for the IPO market as liquidity from institutional and retail investors is ample”.

This, in turn, is being driven by an improving macroeconomic backdrop, policy stability, local institutional investor support and Asean’s appeal to foreign investors seeking defensive, quality investments, Mr Mishra added.“We are seeing better overall support for the Malaysian market.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Investors Ipos Market Companies Listing 2024 First Growth Stock Cent Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 05:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1296 words

Reading Time: 8 minutes read

Sentences: 52 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22021148

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