KUALA LUMPUR: Bursa Malaysia Bhd has registered RM63.78 million in net profit for the first quarter ended March 2018, up 12.62 per cent from RM56.63 million in the same period a year ago, mainly due to higher operating revenue.
Its operating revenue grew 7.5 per cent to RM144.8 million in the quarter, the highest since its listing in 2005.
Chief executive officer Datuk Seri Tajuddin Atan said the first quarter of the year has seen Average Daily Trading Value (ADV) for Securities Market’s On-Market Trades continue to grow reaching RM2.7 billion in the quarter.
“We have started the year on a firm footing, recording our highest ever quarterly operating revenue since listing in 2005.
“Our strategic initiatives continue to show progress which is reflected by the continued growth in our capital market,” he said in a statement.
Tajuddin said Bursa Malaysia will continue to maintain this positive momentum by seeing through the implementation of initiatives that further enhance and expand the market ecosystem.
“The measures announced by the government earlier this year to liberalise and boost our capital market is an opportunity that further complements our areas of focus and provides us the impetus to continue delivering on our promise to develop a sustainable marketplace and enhance the breadth and depth of the ecosystem,” he said.
“Moving forward, we will endeavour to achieve further positive trend of growth by continuing with our market development and marketing efforts.”
For the quarter under review, Securities Market trading revenue grew by 13.5 per cent to RM76.3 million from RM67.2 million in the previous corresponding quarter.
This was driven by higher ADV for OMT, which grew by 14.2 percent compared to the previous corresponding quarter.
Non-trading revenue increased 7.9 per cent to RM45.6 million from RM42.3 million in the previous corresponding quarter, contributed by higher listing and issuer services fees and depository services fees.
The Derivatives Market trading revenue declined by 10.5 per cent to RM19.0 million in the first quarter from RM21.2 million in the previous corresponding quarter, due to lower number of derivatives contracts traded.
Average Daily Contracts (ADC) for Derivatives Market was at 54,020 compared to 62,076 in the same period last year, representing a decrease of 13 per cent.
As for Islamic Capital Market, Bursa Suq Al-Sila’ (BSAS) trading revenue increased marginally by 0.1 per cent to RM4 million compared to the previous corresponding quarter mainly due to the volume-based pricing introduced in December 2016.
ADV of BSAS grew by 30.2 per cent to RM22.6 billion in the quarter under review compared to the first quarter of last year, contributed by higher trades from both domestic and foreign participants.