Bursa rules out stock market bubble burst

The stock exchange operator explained that typical features of past bubbles prior to a crash included frenzied inflows without regard to valuation, rife optimism about future profits, large share issuance by new companies and unchecked price momentum.

KUALA LUMPUR: Bursa Malaysia Bhd dismisses the possibility of an equity bubble burst despite retail investors’ enthusiastic recent stock market rally, noting the absence of "typical features”.

The stock exchange operator explained that typical features of past bubbles prior to a crash included frenzied inflows without regard to valuation, rife optimism about future profits, large share issuance by new companies and unchecked price momentum.