Bursa Malaysia CEO Datuk Seri Tajuddin Atan said the Corporate Governance Guide would enable listed issuers improve their corporate governance practices and reporting.
KUALA LUMPUR: Bursa Malaysia's net profit fell 2.7% to RM50.19mil in the third quarter ended Sept 30, 2018 from RM51.60mil a year ago.
The stock exchange operator announced on Monday the lower earnings were due to an increase in operating expenses.
Its revenue slipped by 0.34% to RM129.82mil from RM130.27mil a year ago. Earnings per share were 6.20 sen compared with 51.60mil a year ago.
“The average daily trading value (ADV) for securities market’s on-market trades (OMT) grew by 14.1% to RM2.2bil while average daily contracts (ADC) on the Derivatives Market was up by 1.6% to 57,750 contracts in 3Q2018.
“On the Islamic Capital Market front, the ADV for Bursa Suq Al-Sila’ (BSAS) BSAS rose by 5.9% to RM21.6bil in 3Q2018,” it said.
Bursa Malaysia CEO Datuk Seri Tajuddin Atan said: “We are confident the government’s emphasis on fiscal and governance reforms as outlined in the 11th Malaysia Plan mid-term review bodes well in the long term for strengthening investor confidence.
“On Bursa Malaysia’s part, we will continue our efforts to digitalise services, liberalise the rules framework and broaden the investor base to enhance the breadth and depth of the ecosystem – all part of the exchange’s strategy towards becoming a leading, responsible and globally connected Asean Marketplace.”
For the nine months, its net profit rose by 2.6% to RM172.18mil from RM167.77mil. Revenue increased by just 1.3% to RM421.08mil from RM415.63mil.
Tajuddin said despite major volatility and declines in emerging market equities against the backdrop of a challenging global environment in 2018, Bursa Malaysia’s sustainable growth initiatives implemented over the years continue to show progress.
He said it highest ever nine-month operating revenue, and highest recorded nine-month ADV for Securities Market’s OMT of RM2.6bil since listing in 2005.
“These results are a testament to our ongoing commitment to deliver more opportunities supporting a vibrant and conducive capital market ecosystem for all market participants,” he said.
He said for the nine months, the securities market's trading revenue rose 6.5% to RM207.7mil from RM195mil a year ago.
Underpinning the growth was higher ADV for OMT in 9M18, which increased by 10.5% year-over-year.
Non-trading revenue increased by 1.0% to RM126.2mil from RM124.9mil spurred by higher market data revenue as a result of an increase in the number of subscribers.
However, the derivatives market trading revenue decreased by 4.8% to RM57.6mil in 9M2018 from RM60.5mil in 9M2017, mainly due to lower number of crude palm oil futures contracts traded and guarantee fees earned as well as higher market incentives incurred in 9M18.
ADC for the Derivatives Market fell by 5.2%, with 55,779 contracts in 9M2018 compared to 58,817 contracts in 9M2017.
As for the Islamic Capital Market, Bursa Suq Al-Sila registered trading revenue of RM10.8 million in 9M2018, down 7.4% compared to 9M2017.
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