New Malaysian reforms fail to ignite stock market

Newswire

By Mark Bendeich KUALA LUMPUR, March 24 (Reuters) - Malaysian shares rose but failed to leave the launch pad on Friday as foreign investors gave luke-warm praise to new efforts to ignite its sleepy market. The market firmed a meagre 0.2 percent after the government announced its new measures on Thursday night, including the re-introduction of short-selling to boost market liquidity and more pledges to turn around state-linked firms. "It's definitely one step in the right direction but ...

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