Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (July 25): Bursa Malaysia Bhd's second quarter net profit fell to RM49.48 million from RM49.49 million a year earlier as equities transaction value declined while derivative trades rose.

In a statement today, exchange regulator and operator Bursa Malaysia said group revenue climbed to RM129.72 million in the second quarter ended June 30, 2016 (2QFY16) from RM127.02 million.

Bursa Malaysia said average daily trading value for on-market equity transactions "moderated to RM1.84 billion in 2QFY16". Derivative market average daily contracts increased 21.7% to 61,611 contracts.

Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said the group had contended with a challenging external backdrop.

"Notwithstanding the challenging external environment, to date our market integrity is intact with trading activities taking place in a fair and orderly manner, supported by adequate safeguards.

"The exchange remains cautiously optimistic on its performance for the year, and committed in its efforts to make the Malaysian equity and derivatives markets more attractive and vibrant. On our part, we will continue to intensify our engagements to attract more retail and institutional participation," Tajuddin said.

Bursa Malaysia's 1HFY16 net profit rose to RM99.41 million from RM96.54 million a year earlier. Revenue climbed to RM263.65 million from RM254.11 million.

According to the group, derivative market average daily contracts grew 8.1% to 59,790 contracts during 1HFY16. On-market equity transactions' average daily trading value fell 4.2% to RM1.91 billion.

For 2QFY16, Bursa Malaysia declared a dividend of 17 sen a share. The ex and payment dates fall on Aug 5 and 19 respectively.

 

      Print
      Text Size
      Share