Assuming other revenue for Bursa Malaysia continues its quarterly run rate of about RM55mil with an unchanged cost structure, Hong Leong Investment Bank Research (HLIB) estimates that Q4’21 earnings for the exchange could amount to RM68mil – a q-o-q and y-o-y decline of 15.4% and 35.5%, respectively.
PETALING JAYA: Bursa Malaysia Bhd
is likely to see an earnings dent from lower average daily trading volume (ADV) as liquidity in the stock market plummets to a fraction of what it used to be during the market rally back in 2020.
In the fourth quarter of last year (Q4’21), equities ADV came in at RM2.55bil, which is a quarter-on-quarter (q-o-q) decline of 11.7% and a year-on-year (y-o-y) drop of 47.2%.
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