The outlook for the Bursa Malaysia market remains positive, supported by both domestic and foreign investors, according to its Chairman, Tan Sri Abdul Wahid Omar. As of Wednesday’s trading close, the FTSE Bursa Malaysia KLCI (FBM KLCI) has recorded a 15% increase this year, making Bursa Malaysia the top-performing market in ASEAN.
The overall market capitalisation of Bursa Malaysia has now reached RM2.05 trillion. Abdul Wahid noted that market activity has been robust, with the average daily trading value (ADV) surging by 64% this year to RM3.37 billion, compared to RM2.06 billion in 2023. Foreign investors contributed 35% to the trading value, with a net inflow of RM3.99 billion.
He attributed the strong performance to a favourable macroeconomic environment in Malaysia, sustained robust trade, and government support. In the first half of 2024, Bursa Malaysia also led the ASEAN region in initial public offerings (IPOs), raising US$450 million (US$1 = RM4.13) and accounting for 33% of the region’s IPO market.
“We have recorded 35 listings to date, raising RM6.1 billion, while the market capitalisation for IPOs totals RM25.7 billion. Several more listings are expected in the remaining quarter of 2024, and we are optimistic about achieving our target of 42 IPOs this year, a level not reached since 2006 with 40 listings,” he stated.
Invest Malaysia 2024 @ Iskandar Puteri is an event organised by Bursa Malaysia, in collaboration with co-organisers Maybank, CIMB Securities, and HSBC Malaysia, under the theme ‘Where Policy Meets Progress.’ This one-day conference highlights Iskandar as the key southern gateway to the country, focusing on significant developments such as the Johor-Singapore Special Economic Zone and other incentives for investors.
