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Bursa Malaysia

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For the companies publicly traded on the Malaysia Exchange, see List of companies listed on the Malaysia Exchange.

Bursa Malaysia
File:Bursa Malaysia logo.png
Bursa Malaysia's headquarters in Kuala Lumpur, Malaysia.
TypeStock exchange
LocationExchange Square, Kuala Lumpur, Malaysia
Coordinates3°8′53.92″N 101°42′4.66″E / 3.1483111°N 101.7012944°E / 3.1483111; 101.7012944
Founded1964; 61 years ago (1964)
Key peopleAbdul Wahid Omar (Chairman)[1]
Muhamad Umar Swift (CEO)[2]
CurrencyRinggit
No. of listings983
Market capUSD $397.39 billion
IndicesFTSE Bursa Malaysia KLCI
Websitebursamalaysia.com

Bursa Malaysia is the stock exchange of Malaysia. It is one of the largest bourses in ASEAN.[3] It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides a full integration of transactions, offering a wide range of currency exchange and related services including trading, settlement, clearing and savings services.[4]

Along with the Securities Commission of Malaysia, the stock exchange regulates the capital market in Malaysia and through its facilities, upholds the duty to manage and maintain order in the trading of stocks, bonds and derivatives.[5]

History

Bursa Malaysia was established in 1930, when the Singapore Stockbrokers Association became an official organization of securities in Malaya. In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares. In 1960, the Malayan Stock Exchange was formed and public trading started on May 9 that year. In 1961, a board system was introduced in two trading places, one in Singapore and one in Kuala Lumpur. The two trading rooms were linked by direct telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards.

The Malaysian Stock Exchange was formally formed in 1964, and in the following year, with the separation of Singapore from Malaysia, the stock exchange continued to function under the Malaysian and Singapore Stock Exchange (MSSE).

In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into the Kuala Lumpur Stock Exchange Bhd (KLSEB) and the Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as the stock exchange. In 1994, it was renamed Kuala Lumpur Stock Exchange.

It also fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately US$4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans.[3][4][5]

Kuala Lumpur Stock Exchange (KLSE) became a demutualized exchange and was renamed Bursa Malaysia in 2004. It consists of a Main Board, a Second Board and MESDAQ (now ACE Market) with total market capitalization of (USD$397.39 billion).

See also

References

  1. ^ "DATUK SHIREEN MUHIUDEEN NAMED AS NEW NON-EXECUTIVE CHAIRMAN OF BURSA MALAYSIA". Retrieved 10 April 2019.
  2. ^ "DATUK MUHAMAD UMAR SWIFT APPOINTED AS CHIEF EXECUTIVE OFFICER OF BURSA MALAYSIA". Retrieved 10 April 2019.
  3. ^ a b "Overview". www.bursamalaysia.com. Retrieved 30 March 2022.
  4. ^ a b "INVESTMENT IN MALAYSIA". Asia Times. Archived from the original on 9 August 2002. Retrieved 10 December 2012.
  5. ^ a b "Overview". www.bursamalaysia.com. Retrieved 19 May 2022.
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