Bursa Malaysia Berhad PAT Zakat for the nine months came in at RM177.6 million which represented a 38.8% decrease from RM290.3 million reported in the previous corresponding period ended 30 September 2021.
The Exchange attributed the decrease to lower operating revenue by 24.6% to RM445.2 million from RM590 million and primarily caused by a decline in securities trading revenue. Meanwhile, total operating expenses saw a 0.7% marginal increase to RM214.7 million in 9M2022, compared to RM213.2 million in 9M2021.
“As global volatility and the higher interest rate environment continue to challenge our securities market business, improvements in the performance of the derivatives market as well as market data businesses have helped contribute to our profit numbers during this financial period,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. “We will continue to ensure that the Exchange innovates and remains agile to generate increased volumes thus contributing to higher revenue streams in all segments of our business in this investment climate.”
For the period under review, the Securities Market registered a trading revenue of RM203 million, a decrease of 43.6% compared to RM359.9 million in 9M2021. This is said was due to the lower Average Daily Trading Value for the Securities Market’s On-Market Trades and Direct Business Trades of RM2.2 billion against RM4 billion in 9M2021. Trading velocity was lower by 24 percentage points to 30% compared to 54% the previous year.
On new listings, funds raised through Initial Public Offerings totalled RM2.8 billion, higher than the RM2.3 billion raised last year. Total derivatives trading revenue increased by 11.5% to RM73.4 million from RM65.8 million, contributed by higher collateral management income as well as a higher number of Crude Palm Oil Futures (“FCPO”) and FTSE Bursa Malaysia KLCI Futures (“FKLI”). Average Daily Contacts (“ADC”) rose 2.2% with 78,540 contracts, compared to 76,836 contracts in 9M2021.
As for the Islamic Markets, higher trading activity in Bursa Suq Al-Sila’ (“BSAS”) resulted in an increase of trading revenue by 17.3% to RM11.8 million, from RM10.1 million. Meanwhile, the market data business closed with total revenue of
RM45.8 million, a 15.9% increase compared to RM39.5 million, driven by a higher number of subscribers.
The Exchange continues to develop new Shariah-compliant products, such as the upcoming Shariah-compliant Voluntary Carbon Market and the Bursa Gold Dinar,” concluded Datuk Muhamad Umar Swift
