Bursa Malaysia posts lower 1Q net profit of RM67.97mil

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KUALA LUMPUR: Bursa Malaysia Bhd recorded a net profit of RM67.97mil in the first quarter of 2022, a 44% decline from the previous corresponding quarter as securities trading revenue continued to normalise.

recorded a net profit of RM67.97mil in the first quarter of 2022, a 44% decline from the previous corresponding quarter as securities trading revenue continued to normalise.

“The average daily trading value of securities continued to normalise to pre-pandemic levels which contributed to the decline in profit for the 1Q2022 compared to 1Q2021. He said the securities market registered a trading revenue of RM80.4mil, a 46.7% decline from RM150.9mil in 1Q2021, owing to the lower average daily trading value of RM2.7bil against RM5.2bil in 1Q2021.However, funds raised through initial public offerings during the quarter came to RM1.5bil, which was much higher than RM200mil raise in 1Q2021.

The Bursa Suq Al-Sila Islamic market also saw an increase in trading revenue, by 12.2% to RM3.8mil as a result of higher trading activity.

 

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