The Kuala Lumpur composite index climbed 1.2 percent to 1,663.51, the highest close since Dec. 8, with Petronas Chemicals Group and Tenaga Nasional most actively traded by turnover.
PETALING JAYA: The equity capital market (ECM) saw one of its slowest years in 2016, with no major initial public offerings (IPO) taking place. This, in turn, could suggest a cloudy outlook for 2017.
In 2016, the value of the top 10 ECM deals stood at US$2.2bil (RM9.87bil). This was down 42% from the top 10 deals made in 2015, which carried a value of some US$3.8bil (RM17bil), according to data by Maybank IB Research.
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