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Bursa posts higher total revenue in first half of 2016

KUALA LUMPUR: Bursa Malaysia Bhd posted a higher total revenue of RM263.7 million in the first half of 2016 compared to RM254.1 million registered in the same period last year.

The company's net profit also rose to RM104.3 million from RM100.2 million a year ago and it continues to record a return on equity (ROE) performance of 25 per cent despite global and domestic market challenges.

Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said the exchange remains cautiously optimistic on its performance for the year and is committed in its efforts to make the Malaysian equity and derivatives market more attractive and vibrant.

"On our part, we will continue to intensify our engagements to attract more retail and institutional participation," he said in a statement today.

The average daily trading value (ADV) for the Securities Market's On-Market Trades (OMT) however fell by 4.2 per cent to RM1.91 billion.

Meanwhile, the Average Daily Contracts (ADC) for the Derivatives Market grew by 8.1 per cent to reach 59,790 contracts driven by the growth in the volume of crude palm oil futures (FCPO) and FTSE Bursa Malaysia KLCI Futures Contracts.

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