Bursa Malaysia honors top-performing brokers, market intermediaries

KUALA LUMPUR: Bursa Malaysia Bhd has honored high broking group and market intermediaries with 52 awards throughout 22 classes within the securities, derivatives and Islamic markets at its Ninth Annual Bursa Excellence Awards 2021.

The ceremony, which was held on Thursday, noticed Kenanga Funding Financial institution Bhd win the 2021 Greatest General Equities Taking part Group and 2021 Greatest Retail Equities Taking part Group – Funding Financial institution.

Malacca Securities Sdn Bhd was named the 2021 Greatest Retail Equities Taking part Group –

Non-Funding Financial institution, 2021 Greatest General Bursa Malaysia-i Taking part Group, and 2021 Greatest Retail Bursa Malaysia-i Taking part Group.

Bursa chairman Tan Sri Abdul Wahid Omar mentioned the native inventory market demonstrated nice resilience all year long, with lively buying and selling at an Common Each day Buying and selling Worth (ADV) of RM3.5 billion.

A complete of 30 preliminary public choices had been recorded final yr, in contrast with solely 19 in 2020, which raised a complete of RM2.75 billion and contributed to RM10.56 billion to the general market capitalization of RM1.79 trillion.

“Bursa Malaysia will proceed to work carefully with our brokers and market intermediaries to drive extra participation to the trade by focused academic and advertising initiatives, and to spur additional development within the capital market,” he mentioned in an announcement in the present day.

In 2021, the derivatives market recorded an all-time excessive in buying and selling quantity, reaching a file excessive of 18.4 million contracts traded, surpassing the earlier excessive of 18.2 million contracts registered in 2020.

As for the Islamic capital market, the Bursa Suq Al-Sila’s buying and selling income elevated by 6.7 per cent to RM14.0 million in 2021 from RM13.1 million in 2020 on account of the rise within the ADV by 13.2 per cent to RM37. 3 billion in 2021 from RM32.9 billion in 2020. – Bernama


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