Somewhat Critical Press Coverage Somewhat Unlikely to Affect Malaysia Fund (MAY) Stock Price
Press coverage about Malaysia Fund (NYSE:MAY) has trended somewhat negative this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Malaysia Fund earned a news sentiment score of -0.19 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 45.6853785900783 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Tech talk tops agenda as Malaysia’s Mahathir meets Jack Ma at Alibaba’s Hangzhou HQ (scmp.com)
- Malaysia cancels S$146m worth of AES traffic summonses, no new fines until Sept 1 (straitstimes.com)
- Mahathir Sets New Course for Malaysia in First 100 Days (thediplomat.com)
- Malaysia’s Mahathir faces headwinds as second-quarter economic growth falters (finance.yahoo.com)
- As Malaysia’s Mahathir Threatens U.S. Investors, Trump Must Step In (realclearmarkets.com)
Shares of NYSE MAY traded up $0.03 during mid-day trading on Friday, reaching $0.26. 39,000 shares of the company traded hands.
The Malaysia Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment in equity securities of Malaysian companies. The Fund invests in sectors, such as automobiles, commercial banks, construction and engineering, construction materials, diversified financial services, electric utilities, food products, healthcare equipment and supplies, hotels, restaurants and leisure, industrial conglomerates, marine, multi-utilities, and multiline retail.
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