Revenue was up 54.07% year-on-year (y-o-y) to RM232.28mil as average daily trading value (ADV) for securities market's on-market trades (OMT) more than doubled to RM5.1bil in the quarter.
For the quarter, the securities market registered trading revenue rose to RM150.9mil from RM78.1mil in 1Q2020.
The higher effective clearing fee rate in 1Q2021 also contributed to the increase in trading revenue but this was partially offset by the lower number of trading days, said the stock exchange operator.
Trading velocity in 1Q2021 was higher by 31 percentage points to 70% compared to 39% in 1Q2020.
According to Bursa Malaysia CEO Datuk Muhamad Umar Swift, domestic retail investors continue to play a significant role in the market place due to easy access and the low interest rate environment.
"We have seen a resilient performance in our markets in 1Q2021 and expect it to continue to attract investments and trading in 2021," he said in a statement.
Derivatives market trading revenue decreased 15.7% to RM22.6mil in the quarter, mainly owing to fewer contracts traded for crude palm oil futures and FTSE Bursa Malaysia KLCI futures, as well as fewer trading days in the quarter.
On Islamic markets, higher trading activity in Bursa Suq Al-Sila’ pushed up trading revenue by 16% to RM3.4mil.
"In consideration of the continuing impact of COVID-19 this year, the Exchange will continue to support market participants by providing facilitative ecosystem initiatives alongside relief measures to ease financial burden and provide greater flexibility that can aid and support them through this challenging period.
"Our 3-year (2021 – 2023) Strategic Roadmap has been formulated to ensure that the Exchange remains competitive and continues to enhance value for our stakeholders," said Umar.