MARKET DEVELOPMENT
Bursa Malaysia's Q3 Pre-Tax Profit Increases 14 Per Cent To RM73.62 Million
Bursa Malaysia's Q3 Pre-Tax Profit Increases 14 Per Cent To RM73.62 Million
21/10/2014 (Bernama) - Bursa Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 rose 14 per cent to RM73.62 million from RM64.46 million in the same period of 2013.
Revenue increased to RM128.96 million from RM120.28 million previously, according to a filing to Bursa.
The securities market recorded a segment profit of RM78.8 million in 3Q14, an increase of 15 per cent compared to RM68.7 million in 3Q13.
The higher profit in 3Q14 was mainly the result of higher trading value on the securities market compared to 3Q13.
The derivatives market recorded a segment profit of RM10.3 million in 3Q14, an increase of one per cent compared to RM10.2 million in 3Q13.
For the nine months ended Sept 30, profit before tax increased to RM202.346 million from RM197.280 million.
Chief Executive Officer Datuk Tajuddin Atan said in a statement that despite the softer market globally, Bursa Malaysia saw higher domestic participation, especially in the retail segment, which in turn contributed to the higher trading revenue.
"On our part, there are several initiatives which to be rolled out in the remaining quarter of 2014, amongst which is continuity in building the depth and diversity of offerings, as well as retail outreach programmes, both locally and in Asean.
"We are also on track to rolling out our Environmental, Social and Governance Index (ESG) by this year," he added.
For the nine-month period under review, the average daily trading value (ADV) for the securities market's on-market trades rose by six per cent to RM2.1 billion, as a result of higher trading participation from retail investors.
Average daily contracts (ADC) for the derivatives market grew by 12 per cent to 49,317 contracts, largely driven by an increase in the volume of crude palm oil futures (FCPO) contracts.
On the Islamic front, Bursa Suq Al-Sila (BSAS) recorded a 61 per cent increase in its ADV to RM5.8 billion.
Revenue increased to RM128.96 million from RM120.28 million previously, according to a filing to Bursa.
The securities market recorded a segment profit of RM78.8 million in 3Q14, an increase of 15 per cent compared to RM68.7 million in 3Q13.
The higher profit in 3Q14 was mainly the result of higher trading value on the securities market compared to 3Q13.
The derivatives market recorded a segment profit of RM10.3 million in 3Q14, an increase of one per cent compared to RM10.2 million in 3Q13.
For the nine months ended Sept 30, profit before tax increased to RM202.346 million from RM197.280 million.
Chief Executive Officer Datuk Tajuddin Atan said in a statement that despite the softer market globally, Bursa Malaysia saw higher domestic participation, especially in the retail segment, which in turn contributed to the higher trading revenue.
"On our part, there are several initiatives which to be rolled out in the remaining quarter of 2014, amongst which is continuity in building the depth and diversity of offerings, as well as retail outreach programmes, both locally and in Asean.
"We are also on track to rolling out our Environmental, Social and Governance Index (ESG) by this year," he added.
For the nine-month period under review, the average daily trading value (ADV) for the securities market's on-market trades rose by six per cent to RM2.1 billion, as a result of higher trading participation from retail investors.
Average daily contracts (ADC) for the derivatives market grew by 12 per cent to 49,317 contracts, largely driven by an increase in the volume of crude palm oil futures (FCPO) contracts.
On the Islamic front, Bursa Suq Al-Sila (BSAS) recorded a 61 per cent increase in its ADV to RM5.8 billion.