Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Oct 23): Bursa Malaysia Bhd saw its net profit fall 3.06% to RM51.47 million or 9.6 sen a share for the third quarter ended Sept 30, 2015 (3QFY15), from RM53.09 million or 10 sen a share a year ago, dragged mainly by higher operating expenses (opex).

In a filing with Bursa Malaysia today, the stock exchange operator revealed that staff costs, which formed the largest portion of its opex, was 9.53% higher at RM32.34 million in 3QFY15, compared with RM29.53 million in 3QFY14.

Revenue for 3QFY15 dropped by a marginal 0.1% to RM128.83 million, from RM128.96 million in 3QFY14.

Bursa also saw its trading revenue from the securities market fell by 10.7% to RM57.3 million in 3QFY15, from RM64.2 million a year ago. As for the derivatives market, it recorded a revenue of RM25.8 million for 3QFY15, up 25.5% from RM20.6 million in 3QFY14.

In a statement, Bursa said the average daily value (ADV) for the securities market’s on-market trades was lower by 12% to RM1.93 billion, while average daily contracts (ADC) traded for the derivatives market increased by 14.7% to 61,954 contracts in 3QFY15.

For the Islamic capital market, the ADV of Bursa Suq Al-Sila increased to RM16 billion, up 120.7% from 3QFY14.

For the nine months ended Sept 30, 2015 (9MFY15), the group's net profit rose 2.01% to RM148.01 million or 27.7 sen a share, from RM145.09 million or 27.2 sen a share. Revenue grew 2.04% to RM382.95 million, from RM375.28 million.

The ADV for securities market’s on-market trades eased 6.2% to RM1.97 billion, while ADC for the derivatives market climbed 16.7% to 57,552 contracts, as a result of an increase in the volume of FCPO and FKLI contracts.

For the Islamic Capital Market, Bursa Suq Al-Sila saw a 137.7% jump in its ADV to RM13.8 billion. Opex rose marginally by 1% to RM174.7 million in 9MFY15.

Bursa's chief executive officer Datuk Tajuddin Atan said despite ongoing volatility, market integrity remains intact and on the whole the capital market has demonstrated resilience, which underscores the strength of its fundamentals.

"On our part, there are several initiatives which we will roll out in the remaining quarter of 2015 to further develop the retail segment, amongst which will see November dedicated to raising awareness of the Islamic capital market and an Investor Weekend where we will feature the depth and diversity of our offerings.

"This is in addition to our retail outreach programmes, both locally and in the region," he added.

As at 2.38pm today, Bursa shares fell one sen or 0.12% to RM8.38, valuing it at RM4.49 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

      Print
      Text Size
      Share