Positive outlook: A pedestrian walks past the Bursa Malaysia building in Kuala Lumpur. The local bourse has reported solid yearly growth in its 3Q results.
PETALING JAYA: Bursa Malaysia’s third-quarter results for financial year 2023 (3Q23) have met the expectations of most brokerage houses, which project further growth in the average daily trading volume (ADTV) for equities in 2024.
CGS-CIMB Research said its positive take on the local bourse’s results was based on the post-election recovery in ADTV, which rose by 31.2% year-on-year (y-o-y) and 19.4% quarter-on-quarter to RM2.1bil.
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