Bursa Malaysia 2Q net profit rises to RM88.97mil

KUALA LUMPUR: Bursa Malaysia Bhd recorded a 3.18% increase in net profit in the second quarter ended June 30, 2021, to RM88.97mil from RM86.23mil a year earlier on the back of higher recorded revenue from the securities and derivatives segments.

Revenue for the current quarter was RM196.1mil, 9.07% higher than RM179.78mil in the previous corresponding quarter.

The board of directors declared a dividend payout of 24 sen a share as compared to 17 sen share a year earlier.

Over the quarter, the securities market recorded active trading participation from retail investors, which contributed significantly to the performance of the market.

"The volatility in the Securities Market, influenced by local and global events and the ongoing developments surrounding the Covid-19 pandemic, as well as the sustained low interest rate environment, is expected to continue to attract investments and trading on the equities market.

"The Exchange will continue with its ongoing initiatives to sustain the retail participation and attract the institutional investors back into the market," said Bursa Malaysia in a statement.

In the securities segment, profit rose 11.1% year-on-year (y-o-y) to RM136.8mil due to higher operating revenue, which was up 11.5% y-o-y to RM161.9mil.

Trading revenue was up 4.7% y-o-y to RM115.3mil due to a higher effective clearing fee rate earned and an additional trading in 2Q2021 compared to 2Q2020.

The average daily trading value for on-market trade and direct business trades rose 0.3% y-o-y to RM3.86bil.

Listing and issuer service revenue jumped 60.4% to RM18.7mil in the quarter due to higher perusal and processing fees. There were also additional listing fees earned from the increase in corporate exercises during the quarter.

Meanwhile, there was lower provision for the 50% rebate on the annual listing fees in 2021 to aid targeted listed issuers during the movement control order.

Depository services revenue increased 33.6% y-o-y to RM14.4mil due to higher record of depositors fees, additional issue fees and transfer fees earned in the quarter.

In the derivatives market, segment profit came to RM12.2mil, a 12% drop from the year-ago quarter due to higher operating expenses

Operating revenue rose 2.1% y-o-y to RM25mil although segment expenses grew 18.5% to RM13mil due higher staff costs.

Derivatives trading revenue rose 5.3% to RM22.4mil due to the higher number of crude palm oil futures contracts traded and an additional trading day as compared to 2Q2020.
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Bursa Malaysia , securities , derivatives


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