Bursa Malaysia Berhad posted a Profit After Tax, Zakat and Minority Interest of RM75 million for the first quarter ended 31 March 2024, a 33.6% increase compared to RM56.2 million reported in the previous corresponding quarter ended 31 March 2023.
The Exchange said the rise in PATAMI was primarily driven by a 23 % increase in the Securities Market’s operating revenue to RM123.1 million in 1Q2024, from RM100.0 million in 1Q2023. Meanwhile, the total operating expenses increased by 8.6% to RM87.1 million in 1Q2024 from RM80.2 million in 1Q2023, mainly attributed to higher staff costs and technology expenses.
Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia said, “Drawing upon the positive momentum of the past year, we have started the year on a firm footing. The Average Daily Trading Value (“ADV”) for Securities Market’s On-Market Trades continues to grow, rising by 36.9% to RM2.9 billion from RM2.1 billion in 1Q2023. This increase has substantially contributed to a higher operating revenue this quarter. As a multi-asset exchange, we continue to democratise access and provide more opportunities for all stakeholders. Domestic retail investors remain a key segment in driving our marketplace forward, and the Exchange will continue its outreach efforts and improve market ecosystem through initiatives like MYBURSA and BURSA REACH.”
For the current quarter under review, Bursa said the trading velocity has also experienced an uptick, rising by 8 percentage points to 39% in 1Q2024 from 31% in 1Q2023. Additionally, listing and issuer services grew by 8.9% to RM16.3 million in 1Q2024 from RM15.0 million in 1Q2023, while depository services witnessed an 18.3% increase to RM15.5 million in 1Q2024
from RM13.1 million in 1Q2023.
