KUALA LUMPUR, July 30 — Bursa Malaysia Bhd’s net profit for the second quarter ended June 30, 2024, increased 5.1 per cent to RM80.44 million compared with RM76.24 million in...
Bursa Malaysia CEO Datuk Muhamad Umar Swift said despite ongoing external macroeconomic headwinds, Malaysia’s capital market witnessed a strong performance in 1H 2024, marked by several record highs. — Bernama picKUALA LUMPUR, July 30 — Bursa Malaysia Bhd’s net profit for the second quarter ended June 30, 2024, increased 5.1 per cent to RM80.44 million compared with RM76.24 million in the same period last year, on improved liquidity and market sentiments.
The increase in profit after tax, zakat and minority interest is attributed to a 29.3 per cent rise in operating revenue to RM374.5 million in 1H 2024 from RM289.6 million in 1H 2023. Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said that notwithstanding the ongoing external macroeconomic headwinds, Malaysia’s capital market witnessed a strong performance in 1H 2024, marked by several record highs.
Bursa Malaysia said that the robust trading activities seen in the securities market in 1H 2024 were supported by a strong economic outlook backed by an influx of foreign direct investments, expectation of improved corporate earnings performance and domestic liquidity. The exchange said it will continue with its outreach and widen investor participation through initiatives such as the Bursa Marketplace fair, Invest Malaysia series and the digitalisation of processes to provide easy access to investment opportunities for retail investors.
As for the Islamic markets, the exchange said that it will continue its focus on introducing new value-added features in the Bursa Gold Dinar app as well as digital marketing efforts to increase investor base.
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