KUALA LUMPUR, Feb 6 — Bursa Malaysia Bhd has welcomed the list of measures announced by Prime Minister, Datuk Seri Mohd Najib Razak to boost capital markets, at the World Capital Market Symposium 2018 here today.

In a statement, Chief Executive Officer, Datuk Seri Tajuddin Atan said the measures further echoed Bursa Malaysia’s long-standing efforts towards increasing the depth and breadth of the capital market.

He said liberalisation, as well as incentives granted, would enhance the vibrancy and liquidity of the market.

 "The exemption of stamp duty on shares of mid and small cap companies traded on Bursa Malaysia is a recognition of the importance of this market segment.

"This will further boost our current initiatives such as Mid and Small Cap (MidS) Research Scheme and the Leading Entrepreneur Accelerator Platform (LEAP) Market,” he added.

In his speech at the two-day symposium, Najib also announced the establishment of a stock market trading link between Bursa Malaysia and the Singapore Exchange (SGX).

The trading link will allow investors to trade and settle shares listed on each other’s stock markets in a more convenient and cost efficient manner.

On this, Tajuddin said Bursa Malaysia is committed to the pursuit of strengthening its proposition as Asean’s multinational marketplace with global connectivity and the stock market trading link with SGX, could potentially be a step towards this goal.

The Exchange will work with SGX, the industry and the relevant regulatory bodies in operationalising this cross-border initiative, he added. — Bernama