Chairman of Bursa Malaysia, Abdul Wahid Omar has highlighted that Bursa Malaysia is among the top performing bourse in the region with 2.4 percent growth in 2020.
Speaking during the Menang Bersama: Rebuilding Malaysia’s Economy Together programme, the Chairman said a large foreign outflow of RM24.6 billion recorded in 2020 was well absorbed by domestic retail and institutional investors.
Finance Minister, Tengku Zafrul Abdul Aziz also mentioned that investors’ confidence continued to be reflected in Malaysia’s capital and financial markets, which showed encouraging performance in the tough position of 2020.
Additionally, investors saw total returns of 5.8 percent and average daily trading reached a high of RM4.2 billion.
“The higher participation of retail investors saw a marked increase from close to a quarter, 24.5 percent in 2019 to more than a third, 37.7 percent in 2020. Moreover, foreign shareholdings in our stock market remained healthy at a level of 21 percent,” Tengku Zafrul said.
Concurrently, the Ringgit was one of the top performers in the region against the US dollar with 1.7 percent increase.
This was partly due to the recovery in prices of commodities as well as the positive non-resident inflows of RM18.3 billion in the bond market.
“Overall, foreign holdings remained stable, accounting for an average of 22.8 percent of domestic government debt, relative to 22.4 percent in the year before,” he concluded.