Malaysian stock market, KLSE or locally known as Bursa Malaysia is getting a boost after the Malaysian's national oil and gas participation in listing of its subsidiaries and companies on the stock exchange. PETRONAS who will have six of its units listed on the Bursa Malaysia will be controlling 10% of the Malaysian stock market based on value.
It's latest listing is an IPO for its petrochemical group, Petronas Chemical Group (PCG). The listing of Petronas companies is seen as politically driven after announcement from Petronas Prime Minister, Najib Tun Razak for more private sector participation.
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