Dr M says will review Singapore-Malaysia stock trading link

Tun Dr Mahathir Mohamad speaks at a press conference after chairing the weekly Cabinet meeting at Kompleks Perdana Putra in Putrajaya June 6, 2018. ― Picture by Ahmad Zamzahuri
Tun Dr Mahathir Mohamad speaks at a press conference after chairing the weekly Cabinet meeting at Kompleks Perdana Putra in Putrajaya June 6, 2018. ― Picture by Ahmad Zamzahuri

PUTRAJAYA, June 6 — Malaysia plans to review the proposed electronic trading link between Bursa Malaysia and the Singapore Exchange, said Tun Dr Mahathir Mohamad.

“The stock market trading link between Malaysia and Singapore will be reviewed,” the prime minister told a press conference after the Cabinet meeting, here.

The proposal was announced by former prime minister Datuk Seri Najib Razak in February.

The link was aimed to be set up by the end of the year.

Former prime minister Datuk Seri Najib Razak had proposed linking the two exchanges earlier this year. The linkage was expected to be set up by year end.

Linking the two bourses would allow Malaysian share investors to trade in the Singapore Exchange and vice versa.

The link was said to grant accessibility to a total of 1,600 public-listed firms worth more than RM4.7 trillion (US$1.2 trillion).

Analysts had lauded the plan as it would create greater vibrancy in the regional stock markets.

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