Bursa Malaysia: First Quarter 2010

Bursa Malaysia: First Quarter 2010

Q1 2010 Key Highlights

Net profit of RM28 million, 81% increase
Equities trading revenue, up 103%
Derivatives trading revenue, dropped 9%
Daily average trading value rose to RM1.5 billion
Q1 market velocity at 35%
Market cap rose to RM1.1 trillion

Bursa Malaysia Berhad (Bursa Malaysia) today announced a net profit of RM28 million for the quarter ended 31 March 2010 – an 81% increase compared to the net profit of RM15.5 million for the corresponding period last year.

Bursa Malaysia’s Chief Executive Officer, Dato’ Yusli Mohamed Yusoff said, “Our first quarter 2010 results were driven by stronger trading volume and increased investor confidence in our equities market. For the period under review, the daily average trading value was significantly higher than the 2009 full year daily average trading value of RM1.2 billion, signifying a more vibrant trading activity and renewed interest in Malaysian stocks. Clearly, investors are viewing our market offerings and opportunities positively and this has contributed to the bourse’s good performance.”

Bursa Malaysia’s stellar performance in the first quarter of 2010 is attributed to a buoyant equities market which traded at a daily average trading value of RM1.5 billion compared to RM0.7 billion recorded in the first quarter of 2009. The improved equities market, combined with stronger investor sentiment and active trading landscape, contributed to a significant increase in equities trading revenue of 103% to RM39.6 million from RM19.5 million in the first quarter of 2009. For the quarter ended 31 March 2010, market capitalisation rose to RM1.1 trillion versus RM0.7 trillion in the same corresponding period. Market velocity was recorded at 35% for the period in review compared to 23% for the corresponding period.