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Bursa Malaysia set to end in negative territory for third year

This year's 11 IPOs - which matched last year's - will raise just under RM600m; smaller issuers reward investors

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Although this has been another bleak year for IPOs, only two are trading below their reference price while many of the others are yielding double-digit returns.

Kuala Lumpur

SUBSCRIBERS to newly listed animal health solutions provider Rhone Ma Holdings Bhd must have been ecstatic over the 16 per cent gain at its debut on the main market of Bursa Malaysia last week following an abject year for flotation exercises and the equities market in general

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