KUALA LUMPUR, April 22 — Bursa Malaysia Bhd’s pre-tax profit for the first quarter ended March 31, 2015 (1Q15) rose to RM66.85 from RM62.93 million in the same period last year.
Revenue increased to RM127.09 million from RM123.17 million previously, Bursa Malaysia said in a statement today.
The bourse operator said the listing and issuer services dropped by 17 per cent to RM10.8 million compared to the same period in the first quarter of 2014 (1Q14).
“The decrease was mainly due to lower initial and additional listing fees, resulting from absence of initial public offerings and fewer corporate exercises in 1Q15 respectively,” it said.
It said the securities trade activities in 1Q15 were dominated by domestic institutions with continued participation from foreign institutions and retail investors.
“With the ongoing engagement and outreach activities as well as the recent indications of net foreign inflow to our market, we expect more active participation from foreign institutions and retail investors,” it said.
Bursa Malaysia said its derivatives market recorded a segment profit of RM13.7 million in 1Q15, an increase of 14 per cent compared to RM12.0 million in 1Q14 due to higher number of contracts traded.
It said the derivatives market operating revenue for 1Q15 rose to RM28.1 million from RM25.2 million in 1Q14.
“The derivatives market is expected to continue to benefit from the volatility of both palm oil prices and the securities market.
“Following the introduction of FTSE Bursa Malaysia Environmental, Social and Governance Index and supported by the continued growth of global syariah funds, we expect the interest from socially-responsible investment funds and syariah-compliant offerings to be positive,” it said.— Bernama
