KUALA LUMPUR: CIMB Equities Research said Bursa Malaysia’s FY13 net profit came in within its expectations as it accounted for 97% of its forecast, but was below consensus at 95% of their numbers.
It said on Thursday net profit in 4Q 2013, the seasonally-weakest quarter of the year, fell 26.8% on-quarter as market velocity declined from 32% in 3Q13 to 25% in 4Q13, pushing down the average daily trading value by 15.8% on-quarter to RM1.69bil in 4Q13.
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