Large trades recorded on Bursa have no bearing on value-creation

A Malaysian trader follows the stock share index movements on a digital screen in Kuala Lumpur. The trading volume on Bursa has cooled to 3.3 billion shares as of yesterday's close, a far cry from the 7.7 billion recorded on Wednesday. - AFP

SO far this year, the stock market has hit a fresh record high and seen record volume in terms of shares traded.

However, in terms of value, there is negligible increase in the total value of the exchange, suggesting there has been little value creation for Bursa Malaysia.