Bursa Malaysia CEO Datuk Tajuddin Atan said the higher earnings in the 9 months were due to the resilient performance of the Securities Market which was supported by continued growth in the Derivatives Market and Islamic Capital Market.
KUALA LUMPUR: Bursa Malaysia Bhd
will not make any revision on its listing and clearing fees for this year.
Chief executive officer Datuk Seri Tajuddin Atan said Bursa was still in discussion on marking up its fees with the regulators.
“There will be no fees revision for this year. We are still discussing this matter with the regulators,” he told reporters at a briefing on Wednesday.
A fees revision would be positive for Bursa’s revenue especially with the recent spike in the trading volume in the local exchange.
The average daily trading value (ADV) for the on-market trades rose to RM2.6bil in the first half of 2017.
Bursa posted a stellar performance for its first half ended June 30, 2017, driven by high trading activities for Malaysian stocks.
Its net profit for the period rose 16.8% to RM116.2mil on the back of 8.5% increase in its revenue to RM269.4mil.
Tajuddin said that the revenue for the first half 2017 was the highest reported revenue since its listing in 2005.
“In terms of net profit, it was the highest since 2008,” he said.
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