KUALA LUMPUR, June 12 — Bursa Malaysia Bhd has expanded its criteria for “approved securities” by reducing the daily market capitalisation requirement from RM500 million to RM200 million, effective today.
The revision is part of Bursa Malaysia’s ongoing commitment to fostering a dynamic and vibrant market by offering market participants a broader selection of approved securities aimed at meeting investors’ evolving needs.
“As a maturing market, it is vital that we offer a marketplace with robust facilities to cater to the differing needs of investors while remaining focused on ensuring a vibrant, fair and orderly market,” said Datuk Muhamad Umar Swift, the chief executive officer of Bursa Malaysia, in a statement.
Approved Securities are securities that have met the criteria prescribed by the exchange and may be utilised for purposes of securities borrowing, lending, and short selling.
The expansion of approved securities would provide greater ability for investors to manage their portfolios and boost vibrancy in securities borrowing and lending activities, an important component of a well-functioning capital market.
The bourse emphasised that careful selection is made in updating the list of approved securities, based on both quantitative and qualitative criteria to ensure there is sufficient liquidity and that the integrity of the market is maintained. — Bernama
