Malaysia bourse records 45% higher Q2 profits

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bursa-malaysia-1Bursa Malaysia, the country’s bourse, has raked in 45.2 per cent more profits for the second quarter year-on-year, as trade momentum continues to build following the election win by incumbent Barisan Nasional in May.

On June 30, the second quarter for the bourse ended with RM54.82 million in earnings, up from RM37.73 million during the same period a year ago.

In a statement posted on July 18, Bursa Malaysia announced that revenue rose 23.6 per cent to RM130.35 millino from RM105.37 million. Earnings per share were 10.30 sen.

Perceived political stability, intimately attached to the continuity of government-linked corporations, which thrive in Malaysia’s monopoly haven, calmed investors after the election win.

Malaysia stocks have since continued to perform well.

“Trading revenue increased by 55% to RM65.80mil in Q2, 2013 from a year ago, due to higher average daily value for on-market trades and direct business trades of RM2.39bil compared to RM1.52bil in Q2, 2012,” the stock exchange said on its website.

“Looking forward, we expect the global economic conditions to remain challenging,” said Bursa Malaysia.

“Malaysia’s economy is however expected to remain resilient, supported by its strong domestic demand and public spending,” the company said.

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Reading Time: 1 minute

Bursa Malaysia, the country’s bourse, has raked in 45.2 per cent more profits for the second quarter year-on-year, as trade momentum continues to build following the election win by incumbent Barisan Nasional in May.

Reading Time: 1 minute

bursa-malaysia-1Bursa Malaysia, the country’s bourse, has raked in 45.2 per cent more profits for the second quarter year-on-year, as trade momentum continues to build following the election win by incumbent Barisan Nasional in May.

On June 30, the second quarter for the bourse ended with RM54.82 million in earnings, up from RM37.73 million during the same period a year ago.

In a statement posted on July 18, Bursa Malaysia announced that revenue rose 23.6 per cent to RM130.35 millino from RM105.37 million. Earnings per share were 10.30 sen.

Perceived political stability, intimately attached to the continuity of government-linked corporations, which thrive in Malaysia’s monopoly haven, calmed investors after the election win.

Malaysia stocks have since continued to perform well.

“Trading revenue increased by 55% to RM65.80mil in Q2, 2013 from a year ago, due to higher average daily value for on-market trades and direct business trades of RM2.39bil compared to RM1.52bil in Q2, 2012,” the stock exchange said on its website.

“Looking forward, we expect the global economic conditions to remain challenging,” said Bursa Malaysia.

“Malaysia’s economy is however expected to remain resilient, supported by its strong domestic demand and public spending,” the company said.

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