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INVESTORS dumped IOI Corp Bhd shares and warrants yesterday in an apparent negative reaction to the company#039;s proposals to buy 21,722 acres of palm oil estates and a mill in Sabah for RM608mil.
Most Malaysian CEOs have expressed optimism that the US-led Iraq war would be short and therefore would have minimal impact on the Malaysian economy.
THE California Public Employees' Retirement System's (CalPERS) decision to leave Malaysia out of its list of emerging markets to invest in is seen as only a minor setback for the KLSE.
FUND managers are confident that the return of CalPERS to Malaysia, should it decide to do so at its meeting next week, will boost the KLSE and may encourage other large global investment funds to consider Malaysia in their investment horizons. Current geopolitical concerns, however, could cloud the issue in the short term, they said.
Asset management company Valuecap Sdn Bhd was launched a week ago. Before one could say V-a-l-u-e-c-a-p, investors, and foreign funds came swooping in to the market to buy undervalued stocks. As the rush continued over the week, major corporate announcements were announced, turning a once sagging market into a bustle.