An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues on the trade outlook, as well as the timing of the next interest rate hike by the US Federal Reserve (Fed) which meets on June 12.
KUALA LUMPUR: Bursa Malaysia Bhd
's net profit in the second quarter ended June 30, 2018, was slightly lower at RM58.21mil versus RM59.54mil in the preceding year quarter with revenue dipping in tandem to RM140.56mil from RM142.67mil.
According to the stock exchange operator, this was due to the lower effective clearing fee rate in the quarter despite a higher average daily trading value (ADV) for on-market trades (OMT) and direct business trades.
Year to date, Bursa Malaysia recorded a net profit of RM122mil, up from RM116.17mil in the previous corresponding period.
For the six-month period, the company recorded operating revenue of RM279.1mil, which is its highest half-year operating revenue since its listing in 2005.
Securities market trading revenue over the half-year grew 5.6% to RM146.5mil from RM138.8mil previously due to higher ADV for OMT. Non-trading revenue rose 5.1% to RM86.4mil from RM82.2mil.
In the derivatives market, trading revenue slid 4.8% to RM38.7mil from RM40.7mil due to the lower volume of contracts traded.
Meanwhile, the Islamic Capital market saw a 4.6% slide in revenue to RM7.4mil, mainly due to a volume-based pricing mechanism introduced in December 2016.
"Notwithstanding the various global and local events which have impacted emerging markets across the globe, Bursa Malaysia has delivered a commendable performance, achieving its highest ever halfyear operating revenue, and highest recorded ADV for Securities Market’s OMT of RM2.7 billion, since listing in 2005.
"These results reflect our active efforts of injecting initiatives into the capital market to further stimulate long-term interest and enhance vibrancy,” said Bursa Malaysia CEO Datuk Seri Tajuddin Atan.
The board of directors has declared first interim dividend of 14 sen a share and a special dividend of eight sen a share payable on Aug 29, 2018.
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