Upcoming Malaysian vote isn't seen as market tonic
Article Abstract:
The upcoming Malaysian national elections will not likely stimulate strong stock market rallies. Although investors are confident that the ruling coalition headed by Prime Minister Mahatir Mohamad will remain in power, they express concern over a possible cabinet reshuffle after the elections. The possible reshuffle, particularly the replacement of Deputy Prime Minister and Finance Minister Anwar Ibrahim, could signal a major shift in Bank Negara Malaysia's monetary policies. Consequently, many investors are adopting a 'wait-and-see' attitude towards investing in Malaysia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Malaysian market is still a question mark amid vulnerability of reverse takeovers
Article Abstract:
The Malaysian stock market continues to be volatile even after a slight recovery from sharp stock declines brought about by uncertainty over US interest rate hikes. The Malaysian market is still 25.4% below its peak in early 1994. The current volatility in the stock market can be attributed to numerous reverse takeovers, which has resulted in excessive stock issues. Stock analysts expressed concern that the excessive stocks may not be absorbed fast enough to stabilize the market despite the return of many foreign investors in the Malaysian stock market.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Analysts see opportunities emerging in Manila market
Article Abstract:
Prospects for the Philippine stock market are looking up, despite its sluggish performance during the past weeks. Analysts attribute its stagnancy to a confluence of factors, among which are high interest rates and the effects of the flight from emergent markets as a result of the Mexican crisis. The market is expected to brighten as administration candidates are predicted to win most of Senate seats in the May 1995 elections and as reserve requirements for banks are adjusted by the central bank.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Comment about this article or add new information about this topic:
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