Bursa Malaysia gets earnings boost on equity market participation

  • Corporate News
  • Monday, 05 Feb 2018

The major shareholder of SWS is its executive chairman Tan Sri Tan King Tai, who owns a direct stake of 9.47% and an indirect stake of 17.47%. The other substantial shareholders are Teoh Han Chuan and Datuk Seri Serm Juthamongkhon with a 6.86% stake and 4.98% respectively.

KUALA LUMPUR: Bursa Malaysia Bhd posted fourth quarter earnings of RM55.27mil, 10% higher from the year-ago quarter, on the back of 10.4% higher operating revenue of RM522.1mil.

This brought full year earnings to RM223.04mil, 15% over RM193.62mil a year ago, and the highest recorded profit after tax after minority interest since 2007.

Basic earnings per share came to 41.50 sen for the four quarters, versus 36.20 sen in 2016.

The board of directors has approved a second interim dividend of 18.5 sen per share or RM99.4mil for FY2017, payable on March 5, 2018. Total dividend declared for the financial year amounted to 53.5 sen per share.

"2017 was one of the strongest years for the local equity market. The FBMKLCI saw growth of 9.4% and market capitalisation grew by 14.4% year-on-year. There was a significant increase in retail participation, which grew by 41% year-on-year," said Bursa Malaysia CEO Datuk Seri Tajuddin Attan.

"In 2017 alone, the exchange launched the Islamic Selling and Buying Negotiated Transaction and made a revision in the tick rule to provide market participants with greater price flexibility in performing regulated short selling. 

"We will continue to work closely with our intermediaries to improve liquidity and increase trading activities."

The stock exchange said securities market trading revenue increased 21.9% to RM259.6mil from higher average daily trading value for securities market on-market trade, which grew 27.7% to RM2.3bil.

A growth in listing fees and processing fees for corporate exercises increased non-trading revenue by 7.4% to RM166.1mil. 

There were 13 new listings in 2017, which generated a total of RM7.4bil compared to RM600,000 in FY2016.

Trading revenue on the futures market, however, dipped 9.2% to RM80.6mil in FY2017 due to  a 26.2% decline in FBM KLCI futures to two million contracts from 2.8 million contracts over the last year. 

Crude palm oil futures, however, increased 4.4% to 11.9 million contracts.

Trading revenue for the Islamic capital market, Bursa Suq Al-Sila', also decreased 3.7% despite an increase in average daily trading volume due to the introduction of the volume-based pricing scheme.

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