Thursday, November 10, 2011

Interest in IPO market remains strong, says Bursa Malaysia CEO

KUALA LUMPUR (Nov 10): Interest in initial public offering (IPO) market remains strong, reflecting the economic fundamentals which are still resilient, says Bursa Malaysia chief executive officer, Datuk Tajuddin Atan.

Tajudin said interest in the IPO market was there but it would depend on timing.

"The index is holding up very well despite the volatility. "When the market comes back they will rebound well," he told reporters on
the sidelines of the fifth International Islamic Capital Market Forum here on Thursday.

He said the listing of big companies like Petronas Chemicals and Felda Global Ventures, which would be listed by middle of next year, would augur well
for the capital market to attract investors both domestic and abroad.

"They (foreign investors) look at big companies as a benchmark for them to come in (the local stock market)," he said.

Tajuddin said investors were watching developments in Europe and the US as they wanted confidence, while on the other hand, the economy's fundamentals were also important. - Bernama

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