KUALA LUMPUR: Bursa Malaysia Bhd's third quarter profits ended September 2017 rose 17 per cent to RM51.6 million from previously, thanks to more share trades, listings and higher issuer services income.
The capital markets operator's third quarter revenue was up 9.1 per cent from RM119.4 million to RM130.27 million.
Chief executive officer Datuk Seri Tajuddin Atan said the equity market remains buoyant at the end of September, with the benchmark FBM KLCI registering a seven per cent gain in the first nine months of 2017, on the back of overall positive market sentiment and net inflows from foreign investors.
"Increase in listing fee collections from higher and larger Initial Public Offerings (IPOs) and new structured warrants listed, together with processing fees earned from corporate exercises has contributed to the increase in non-trading revenue," he said in a statement.
In the third quarter, average daily trading value for the securities market's on-market trades improved 12 per cent to RM2 billion, while average daily contracts traded on the derivatives market increased marginally to 56,848 contracts.
On the Islamic capital market front, the average daily trading value for Bursa Suq Al-Sila jumped 35 per cent to RM20.4 billion.
Bursa Malaysia recorded a significant milestone with the launch of Leading Entrepreneur Accelerator Platform (LEAP) Market in July to assist small and medium enterprises (SMEs) to raise funds from the capital market for business expansion.
The LEAP Market went live on October 3 with the successful listing of Cloudaron Group Bhd.
Bursa Malaysia's 9-month net profit amounted RM167.77 million, 17 per cent higher than RM143.45 million posted previously.
This is on the back of revenue expanding nine per cent from RM383.05 million to RM415.63 million.