Reduction in stamp duty to ignite market activity

KUALA LUMPUR: The reduction in stamp duty will stimulate market activity and liquidity, attracting greater investor interest and bolstering trading volumes, according to the Association of Stockbroking Companies Malaysia (ASCM).

“By encouraging retail investors to actively participate in the capital market, these measures align with the pillar of creating market vibrancy, as outlined in the government's strategic agenda. This reduction demonstrates the government's dedication to fostering an inclusive and dynamic financial landscape that benefits all stakeholders,” ASCM said in a statement.