Bursa Malaysia optimistic of achieving profit, IPO targets

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Bursa Malaysia optimistic of achieving profit, IPO targets
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KUALA LUMPUR: Bursa Malaysia Bhd is optimistic of achieving its profit before tax target of between RM361 million and RM379 million in the financial y...

Bursa Malaysia Bhd is optimistic of achieving its profit before tax target of between RM361 million and RM379 million in the financial year ending Dec 31, 2024.

He said market signals indicate investor sentiments anchored on good fundamentals and Bursa Malaysia is seeing solid growth in 2024. Trading value increased by 81.3% to RM104.8 million in Q2’24 from RM57.8 million posted in the same quarter last year. The Islamic market recorded a segment profit of RM1.3 million for Q2’24, a decrease of 48.2% from RM2.5 million posted in Q2’23, mainly due to higher operating expenses.

Average daily contracts for the derivatives market increased by 13.6%, with 84,927 contracts traded in H1’24 compared to 74,735 in H1’23. He said these included surpassing a record high market capitalisation of RM2.0 trillion and the FBM KLCI breaching the psychological 1,600-point mark and hitting the highest level in three years, both achieved in May this year.

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