Securities Commission Malaysia has lauded the initiatives announced by Prime Minister and Minister of Finance, Dato’ Seri Anwar at the launch of “MADANI Economy: Empowering the People adding that the capital market can play a greater role in supporting the aspirations of the nation to become a leading economy in ASEAN.
Through industry engagements and consultations, SC said there is a pipeline of capital market initiatives, which amongst others, aim to make investments more affordable for all Malaysians and to provide greater funding access for MSMEs through the capital market. It also added that there will soon announce more details with regards to the three specific measures announced today, which aim to improve stock market vibrancy and reduce market friction.
The three specific measures, reducing the current board lot size for trading on Bursa Malaysia, enabling fractional share trading by investors through stock brokers; and enabling automatic transfer for companies listed on the ACE Market to the Main Market.
Commenting on the initiatives SC Chairman Dato’ Seri Dr. Awang Adek Hussin said “The initiatives will make investments more affordable to investors, ensure accessibility and help improve market vibrancy.” “The SC is confident these new measures will help spur the growth of the capital market, which plays a critical role in financing economic activity and mobilising savings.”
