Malaysian stocks are expected to advance; analysts predict a short-term boost from influx of liquidity

Article Abstract:

The performance of Malaysia's stock market in the first three months of 1999 rests on possible changes in Malaysian Prime Minister Mahathir Mohamad's capital-control policy. These changes currently remain uncertain although speculations include measures to encourage foreign investment and relaxation of the one-year holding period for securities. Nonetheless, analysts expect the composite stock index to exceed 600 at the end of Mar 1999.

Government domestic functions, Securities Exchanges, Economic Programs, Administration of Economic Programs, Malaysia, Exchanges, Economic policy

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India's stockbrokers brace for shakeout

Article Abstract:

Observers agree that India's stockbrokers are in for a massive shakeout as trade volumes decline and the little remaining business goes to the bigger, more established operators. They predict that majority of the Bombay Stock Exchange's (BSE) 641 members will go out of business over the coming months, with some even saying that only 100 stockbrokers at the most will survive the impending shakeup.

Management, India

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Nomura fined $1 million for violating NYSE rules

Article Abstract:

Nomura Securities International Inc. has paid $1 million in fines for violating net-capital rules. The fine was levied by the New York Stock Exchange. Net-capital rules requires securities firms to allocate capital to cover their trades. NYSE has also criticized Nomura's senior executives for failing to inform regulators of the deficiency.

New York Stock Exchange, New York Stock Exchange Inc., Nomura Securities International Inc.

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