Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (April 26): Bursa Malaysia Bhd's first quarter net profit rose 13% to RM56.63 million from RM49.94 million a year earlier as share trade income rose.

In a statement on its website today, stock exchange operator and regulator Bursa Malaysia said group revenue climbed to RM142.69 million in the first quarter ended March 31, 2017 from RM133.93 million.

Bursa Malaysia categorises its share trade operations under the securities market segment.

"The securities market operating revenue for 1Q17 was RM99.4 million, representing an increase of 11.5% compared to RM89.2 million in 1Q16. The securities market recorded a segment profit of RM80.8 million in 1Q17, an increase of 16.8% compared to RM69.2 million in 1Q16 mainly as a result of higher trading revenue.

"Trading revenue increased by 17.7% to RM67.2 million in 1Q17 compared to 1Q16. 1Q17 saw a higher average daily trading value (ADV) for on-market trades (OMT) and direct business trades (DBT) of RM2.54 billion compared to RM2.07 billion in 1Q16," Bursa Malaysia said.

On its derivative market segment, Bursa Malaysia said trading revenue fell 5.6% to RM21.2 million due to lower guarantee fees.

"In the derivatives market, uncertain weather conditions and volatile crude oil prices continued to underpin trading of FCPO (crude palm oil futures) contracts, while FKLI (FBM KLCI futures) trading is very much correlated to movements in the FBM KLCI.

"Hence, activities are expected to be influenced by the need to manage portfolio risk and volatility in commodity prices and the FBM KLCI," Bursa Malaysia said.

 

      Print
      Text Size
      Share