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| Topic: |
Book Reports
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| Number of pages / Number of words: |
3 / 815 |
Essay's paper body
A higher liquidity enables the investors to buy and sell securities
easily. Thus, a liquid equity market makes investment less risky and more atractive thereby
increasing the marekt capitalization.
61 While the total number of listed companies fell during the year, number of new entrants in FY04
was 14 compared to 6 new companies during the preceding year...
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The offer price was set at a discount to
the assessed “fair price†value, probably as a part of the government strategy to
increase the investor base.64 The offerings attracted substantial investments,
particularly as investors’ interest was already whetted by the sustained rise in
equity prices in the past months...
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General points of the essay
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