India is awash in dead stocks; boom turns to bust, leaving thousands of dormant shares
Article Abstract:
India's 23 stock exchanges are littered with dead stocks, as thousands of shares have dropped in value by over 50% and some fell by 90% or more since 1994. The proliferation of dormant stocks follows the stock market boom triggered by economic reforms in the early 1990s. Some 3,132 initial public offerings were conducted in the five-year period which ended Mar. 31, 1996, while about 3,000 companies already listed issued more stocks during the period. An estimated 25 million Indians are said to own shares. In 1996, however, investors have slowed down in acquiring shares, cutting trading volume and commissions and hurting stockbrokers and stock exchanges.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Reliance dispute highlights bourses' competition in India
Article Abstract:
India's National Stock Exchange was the beneficiary of the dispute between Reliance Industries Ltd. and the Bombay Stock Exchange, outstripping the latter's trading volumes in Nov. 1995. Majority of the activity came from Reliance's trading in shares. Reliance is listed on both exchanges, but has threatened to withdraw from the BSE after a row with its directors. The BSE used to lord it over the stock market, outmuscling the country's 23 stock exchanges with more than 75% of turnover.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Bombay bourse's rally meets with jumbled sentiments
Article Abstract:
Mixed views regarding the latest rise in the Bombay Stock Exchange (BSE) include changing investor sentiment and government manipulation. BSE Sensitive Index shows a steady increase in the volume of daily closes from December 1996 to mid-January 1997. Some investors are cynical about the government's ability to sustain investor expectations while others believe that further gains may be expected in the later part of 1997.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Analysts advise investors to steer clear of Asian telecom shares in '95. Influx of rivals to Hongkong Telecom sparks further hangups among investors
- Abstracts: Analysts advise investors to put PLDT on hold. Bad news in the Philippines may be good for shares. PLDT, Petron shares seen as bargains in Philippine market
- Abstracts: Manila will invite new bidding for contentious power plant project. Hopewell faces yet another dispute as Philippine firm cancels road deal
- Abstracts: New Zealand tourism slows; Thai travelers provide glimmer of good news. Australia reinvents itself in its new series of ads
- Abstracts: Assessing police forces in England and Wales using data envelopment analysis. The use of data envelopment analysis in the regulation of United Kingdom water utilities: Water distribution