MARKET DEVELOPMENT
Bursa Malaysia's Pre-tax Profit For Q2 Down To RM65.8 Million
Bursa Malaysia's Pre-tax Profit For Q2 Down To RM65.8 Million
17/07/2014 (Bernama) - Bursa Malaysia Bhd's pre-tax profit for the second quarter ended June 30, 2014 declined to RM65.8 million from the RM77.28 million recorded in the same quarter last year.
Revenue was lower at RM123.15 million from RM130.35 million, the company said in a filing to Bursa Malaysia today.
Chief Executive Officer Datuk Tajuddin Atan said all three markets, securities, derivatives and Islamic, recorded growth as a result of higher trading participation due to targeted outreach events and activities specifically for equities and derivatives.
"Bursa Malaysia also launched our eCommunity platform called the BURSAMKTPLC to provide access to all, accurate and objective information about our two marketplaces, namely securities and derivatives.
"In June this year, we also launched our US dollar denominated Refined, Bleached and Deodorised Palm Olein Futures contracts and hosted international gold industry experts at our first Gold and Precious Metals Price Outlook Symposium targeted at retail investors and traders," he added.
For the first half ended June 30, he said Bursa Malaysia has distributed an interim dividend of 36 sen and a special dividend to its shareholders.
"For the year under review, the average daily trading value (ADV) for the securities market's on-market trades rose by 4.0 per cent to RM2.1 billion as a result of higher trading participation from retail investors.
"Average daily contracts (ADC) for derivatives market grew by 8.0 per cent to 46,966 contracts largely driven by the increase in the activities of the crude palm oil futures (FCPO) contracts," he added.
On the Islamic front, Tajuddin said that Bursa Suq Al-Sila (BSAS) recorded a 45 per cent increase in its ADV to RM5.1 billion on the back of higher domestic and foreign participation due to the consistent engagement and outreach activities undertaken.
He also said despite an increase in the operating expenses of 9.0 per cent due to additional headcount and higher performance reward, the cost to income ratio continued to be held below 50 per cent.
Moving forward, despite uncertainties over the economic and monetary developments in key global economies, the initial public offering pipeline for Bursa Malaysia is expected to remain healthy, with a total of 10 listings by end July 2014.
Revenue was lower at RM123.15 million from RM130.35 million, the company said in a filing to Bursa Malaysia today.
Chief Executive Officer Datuk Tajuddin Atan said all three markets, securities, derivatives and Islamic, recorded growth as a result of higher trading participation due to targeted outreach events and activities specifically for equities and derivatives.
"Bursa Malaysia also launched our eCommunity platform called the BURSAMKTPLC to provide access to all, accurate and objective information about our two marketplaces, namely securities and derivatives.
"In June this year, we also launched our US dollar denominated Refined, Bleached and Deodorised Palm Olein Futures contracts and hosted international gold industry experts at our first Gold and Precious Metals Price Outlook Symposium targeted at retail investors and traders," he added.
For the first half ended June 30, he said Bursa Malaysia has distributed an interim dividend of 36 sen and a special dividend to its shareholders.
"For the year under review, the average daily trading value (ADV) for the securities market's on-market trades rose by 4.0 per cent to RM2.1 billion as a result of higher trading participation from retail investors.
"Average daily contracts (ADC) for derivatives market grew by 8.0 per cent to 46,966 contracts largely driven by the increase in the activities of the crude palm oil futures (FCPO) contracts," he added.
On the Islamic front, Tajuddin said that Bursa Suq Al-Sila (BSAS) recorded a 45 per cent increase in its ADV to RM5.1 billion on the back of higher domestic and foreign participation due to the consistent engagement and outreach activities undertaken.
He also said despite an increase in the operating expenses of 9.0 per cent due to additional headcount and higher performance reward, the cost to income ratio continued to be held below 50 per cent.
Moving forward, despite uncertainties over the economic and monetary developments in key global economies, the initial public offering pipeline for Bursa Malaysia is expected to remain healthy, with a total of 10 listings by end July 2014.