The Securities Commission in its latest Annual Report indicated that the Malaysian capital market remained resilient in 2023, with the size of the market growing by 5.6% to RM3.8 trillion (2022: RM3.6 trillion), driven by the growth in total
equity market capitalisation and bonds and sukuk outstanding.
The SC said the fund management industry also grew strongly with total assets under management (AUM) hitting a new high of RM975.5 billion (2022: RM906.5 billion) due largely to positive valuation effect.
Among the key highlights of the Annual Report 2023, fund raising in the equity and corporate bond market moderated to RM127.7 billion (2022: RM179.4 billion) following decline in: corporate bond and sukuk issuance to RM118.3 billion (2022: RM153.3 billion) due to lower refinancing demand; and secondary equity fund raising to RM5.8 billion (2022: RM22.6 billion), returning to pre-pandemic levels.▪ IPOs improved to RM3.6 billion (2022: RM3.5 billion) ▪ Alternative financing activities posted an encouraging growth and continued to support the funding needs of Micro, Small and Medium Enterprises (MSMEs), with total funds raised amounting to RM3.8 billion (2022: RM3.0 billion).
Equity crowdfunding (ECF) and peer-to-peer financing (P2P) platforms have allowed over 15,000 MSMEs to raise more than RM6 billion since inception. The Malaysian Islamic capital market (ICM) grew 4.5% to RM2.4 trillion in 2023 with sukuk outstanding growing by 7.4% and Shariah-compliant equities by 1.5%. To strengthen the competitive advantage of the ICM and bolster its societal and economic impact, the SC has issued the Maqasid Al-Shariah Guidance.
Among the key highlights of the AOB Report 2023, for three consecutive assessments, Malaysia ranked first in the ACGA CG
Watch, including in 2023, for the Auditors and Audit Regulators category. In the latest update, 34 new individuals and 1 new firm were registered, while individual was recognised.
Currently, there are 374 Registered Individual auditors in 41 Registered and recognised audit firms. These auditors were involved in auditing 1,256 PIEs with RM1.77 trillion PLC market capitalisation, and audits of 1,339 schedule funds with
RM696 billion Net Asset Value.
The Capital Market Stability Review (CMSR), in its 2023 report, said the Malaysian capital market operated orderly in 2023 without any observed systemic stability concerns.
