Malaysia state funds can lift Bursa, but market discipline must rule

[SINGAPORE] Malaysia’s government-linked investment companies (GLICs) are not just big investors.

With their deep pockets and sprawling holdings across Bursa Malaysia – the country’s stock exchange – their heft makes them the obvious place to turn to whenever the market needs a lift, confidence needs shoring up or a national rerating agenda needs some muscle behind it.

After all, why not?