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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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.
For two consecutive years, Malaysia's benchmark FBMKLCI has finished in negative territory and with only a few days to the year's end, it looks likely to make it a hattrick this year.
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