Bursa Malaysia

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Bursa Malaysia
Bursa Malaysia, the stock exchange in Malaysia.png
Borse Kuala Lumpur.jpg
Bursa Malaysia's headquarters in Kuala Lumpur, Malaysia
Type Stock exchange
Location Exchange Square, Kuala Lumpur, Malaysia
Coordinates 3°8′53.92″N101°42′4.66″E / 3.1483111°N 101.7012944°E / 3.1483111; 101.7012944
Founded1964;60 years ago (1964)
Key peopleAbdul Wahid Omar (Chairman) [1]
Muhamad Umar Swift (CEO) [2]
Currency Ringgit
No. of listings983
Market cap USD $397.39 billion
Indices FTSE Bursa Malaysia KLCI
Website www.bursamalaysia.com

Bursa Malaysia is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. [3] It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides full integration of transactions, offering a wide range of currency exchange and related services, including trading, settlement, clearing and savings services. [4]

Contents

Along with the Securities Commission of Malaysia, the stock exchange regulates the capital market in Malaysia and, through its facilities, upholds the duty to manage and maintain order in the trading of stocks, bonds and derivatives. [5]

History

Bursa Malaysia was established in 1930, when the Singapore Stockbrokers Association became an official organization of securities in Malaya. In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares. In 1960, the Malayan Stock Exchange was formed and public trading started on 9 May that year. In 1961, a board system was introduced in two trading places, one in Singapore and one in Kuala Lumpur. The two trading rooms were linked by direct telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards.[ citation needed ]

The Malaysian Stock Exchange was formally formed in 1964, and in the following year, with the separation of Singapore from Malaysia, the stock exchange continued to function under the Malaysian and Singapore Stock Exchange (MSSE).

In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into the Kuala Lumpur Stock Exchange Bhd (KLSEB) and the Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as the stock exchange. In 1994, it was renamed Kuala Lumpur Stock Exchange.

It also fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately US$4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans. [3] [4] [5]

Kuala Lumpur Stock Exchange (KLSE) became a demutualized exchange and was renamed Bursa Malaysia in 2004. It consists of a Main Board, a Second Board and MESDAQ (now ACE Market) with total market capitalization of (USD$397.39 billion).

On 7 May 2024, Bursa Malaysia hit RM2 trillion in market capitalisation for the first time. [6] [7]

See also

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References

  1. "DATUK SHIREEN MUHIUDEEN NAMED AS NEW NON-EXECUTIVE CHAIRMAN OF BURSA MALAYSIA". Archived from the original on 10 April 2019. Retrieved 10 April 2019.
  2. "DATUK MUHAMAD UMAR SWIFT APPOINTED AS CHIEF EXECUTIVE OFFICER OF BURSA MALAYSIA". Archived from the original on 10 April 2019. Retrieved 10 April 2019.
  3. 1 2 "Overview". www.bursamalaysia.com. Archived from the original on 13 August 2023. Retrieved 30 March 2022.
  4. 1 2 "Chapter 5: Investment in Malaysia". Asia Times. 2 September 2000. Archived from the original on 9 August 2002.{{cite web}}: CS1 maint: unfit URL (link)
  5. 1 2 "Overview". www.bursamalaysia.com. Archived from the original on 25 January 2023. Retrieved 19 May 2022.
  6. Aman, Azanis Shahila (8 May 2024). "Malaysian equities market cap hits RM2 trillion, FBM KLCI at more than two-year-high | New Straits Times". NST Online. Retrieved 24 May 2024.
  7. "Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion". The Star. Retrieved 24 May 2024.