Malaysia

Bursa Malaysia Net Profit increased to RM75mil in 1Q

Image Credits: UnsplashImage Credits: Unsplash
  • Bursa Malaysia's net profit and revenue saw significant increases in the first quarter of 2024.
  • The surge in the Average Daily Trading Value of securities was a major contributor to the increased revenue.
  • Ongoing efforts to improve market efficiency and accessibility are expected to support sustained growth.

In the first quarter of 2024, Bursa Malaysia Bhd showcased a remarkable financial performance, with net profits soaring to RM75.03 million, a significant increase from RM56.17 million in the same quarter the previous year. This financial uplift is a testament to the robust trading momentum and strategic operational enhancements that have been pivotal in this upward trajectory.

Financial Highlights and Growth Drivers

The financial results for the first quarter ended March 31, 2024, reveal that Bursa Malaysia not only increased its net profit but also saw a rise in earnings per share from 6.9 sen to 9.3 sen. The total revenue for the quarter was reported at RM187.2 million, up from RM156.5 million in the prior year's corresponding quarter. This increase in revenue and profit underscores the effective management and operational efficiency at the stock exchange.

One of the primary growth drivers for Bursa Malaysia has been the significant increase in the Average Daily Trading Value (ADV) of securities. The ADV for its securities market’s on-market trade surged by 36.9% to RM2.9 billion, up from RM2.1 billion in the same quarter in 2023. This increase has substantially contributed to the operating revenue, which rose by 23% to RM123.1 million in 1Q24.

Sector-Specific Performance

Listing and Issuer Services: This segment saw an 8.9% increase in revenue, rising to RM16.3 million in 1Q24 from RM15 million in 1Q23.

Depository Services: There was an 18.3% increase in revenue in this sector, up to RM15.5 million in 1Q24 from RM13.1 million in 1Q23.

Derivatives Market: The operating revenue in this market rose by 12.7% to RM31.8 million, driven primarily by the rise in average daily contracts.

Islamic Market and Data Business Segment: While the Islamic market maintained a stable operating revenue at RM4.5 million, the data business segment demonstrated significant growth with a 21.9% increase in operating revenue to RM19 million.

Strategic Outlook and Market Dynamics

Bursa Malaysia's Chief Executive Officer, Datuk Umar Swift, expressed a cautious optimism about meeting the headline Key Performance Indicators (KPIs) for the year, citing the positive trading momentum as a key factor. He noted, "Although the key economic indicators are pointing towards a brighter outlook for the Malaysian economy, ongoing global and local developments will continue to influence the volatility and performance of the securities and derivatives markets."

The strategic initiatives undertaken by Bursa Malaysia, including collaborations with other regulators to ensure market efficiency and improved market accessibility, are pivotal in navigating the complexities of global economic conditions.

Future Prospects

Looking ahead, Bursa Malaysia is positioned to leverage its current momentum to further enhance its market offerings and operational efficiencies. The focus will likely remain on diversifying the trading products and enhancing the technological infrastructure to sustain the growth trajectory witnessed in the first quarter of 2024.

Bursa Malaysia's impressive first-quarter results are a reflection of its strategic positioning and operational excellence. As the exchange continues to adapt to market dynamics and enhance its service offerings, it remains a pivotal entity in Malaysia's financial landscape, poised for future growth and innovation.

These insights not only highlight the financial health of Bursa Malaysia but also underscore the strategic measures being implemented to ensure long-term sustainability and growth in the ever-evolving financial sector.


Read More

Loans Malaysia
Image Credits: Unsplash
LoansJuly 20, 2025 at 12:00:00 PM

SAVE student loan repayment is ending—here’s how to plan ahead

The end of the SAVE plan isn’t just a policy shift—it’s a budgeting reality check for millions of Americans. If you’re one of...

Health & Wellness Malaysia
Image Credits: Unsplash
Health & WellnessJuly 20, 2025 at 12:00:00 PM

How to choose the right type of strength training exercise for your goals

The problem with most workout programs isn’t motivation. It’s structure. You try one plan, then another. Sometimes it’s dumbbells. Other times it's resistance...

Culture Malaysia
Image Credits: Unsplash
CultureJuly 20, 2025 at 12:00:00 PM

Why “quiet cracking” happens—and what founders should do differently

You don’t always notice the moment a team member starts to pull away. At first, it looks like tiredness. Maybe they stop volunteering...

Relationships Malaysia
Image Credits: Unsplash
RelationshipsJuly 20, 2025 at 11:30:00 AM

‘Hurried child syndrome’ is making a comeback—here’s what it reveals

A toddler holding a toy phone while pretending to answer emails. A five-year-old with their own after-school calendar. A preschooler whose weekends look...

Health & Wellness Malaysia
Image Credits: Unsplash
Health & WellnessJuly 20, 2025 at 11:30:00 AM

Finding a way to carry grief and keep living

Some mornings, the rain reflects more than just the weather. It holds the weight of something softer but more permanent—a kind of emotional...

Economy Malaysia
Image Credits: Unsplash
EconomyJuly 18, 2025 at 7:30:00 PM

Trump Fed rate pressure exposes deep policy rift

Donald Trump has never shied away from criticizing the Federal Reserve. But in 2025, the stakes are different—and so is the context. In...

Marketing Malaysia
Image Credits: Unsplash
MarketingJuly 18, 2025 at 7:30:00 PM

Why representation in marketing matters to your customers

We had just wrapped our biggest campaign of the year. The product was solid, the execution smooth, and the visuals—at least in our...

Loans Malaysia
Image Credits: Unsplash
LoansJuly 18, 2025 at 7:00:00 PM

Can you include personal loans in bankruptcy?

Filing for bankruptcy is basically financial rock bottom, right? Not necessarily. If you’ve ever asked yourself, “Can personal loans be included in bankruptcy?”...

Health & Wellness Malaysia
Image Credits: Unsplash
Health & WellnessJuly 18, 2025 at 7:00:00 PM

Why salmon and sardines deserve a spot on your plate

A tin of sardines. A fillet of salmon pulled from the freezer. A faint scent of brine in the air. These might not...

Credit Malaysia
Image Credits: Unsplash
CreditJuly 18, 2025 at 7:00:00 PM

Should you get a credit card? Here's how to decide

Credit cards are often seen as a rite of passage into adulthood. But for many Singaporeans, the decision to get one is wrapped...

Business Malaysia
Image Credits: Unsplash
BusinessJuly 18, 2025 at 6:00:00 PM

Why networking wins the job—not your résumé

In a world saturated with polished résumés, templated cover letters, and algorithm-filtered job boards, the most effective job seekers are no longer relying...

Mortgages Malaysia
Image Credits: Unsplash
MortgagesJuly 18, 2025 at 4:30:00 PM

The secret behind all those all-cash offers in today’s housing market

The property market has always rewarded those who move quickly. But with mortgage rates high and inventory tight, buyers are increasingly expected to...

Load More