KUALA LUMPUR (April 28): Bursa Malaysia Bhd’s shares went up in the early trading session today, as investors reacted positively to encouraging financial results announced by the company yesterday.
As at 9.52am, the counter rose nine sen to RM8.58 with 272,900 shares changing hands.
In a filing with Bursa Malaysia yesterday, the company reported an 87.5% surge in its first quarter ended March 31, 2021 net profit to RM121.39 million from RM64.73 million in the same quarter last year, on the back of higher revenue of RM232.28 million from RM150.75 million a year earlier.
The exchange operator said the securities market recorded a 92.5% year-on-year growth in segment profit to RM174.6 million, while the derivatives market’s segment profit dipped 28.3% to RM11.6 million.
“The securities market witnessed active trading amid strong volatility as retail participation continues to play a significant role in trading activities.
“The volatility in the securities market, influenced by local and global events and the ongoing developments surrounding the Covid-19 pandemic, as well as the sustained low-interest-rate environment in the short to medium term, is expected to continue to attract investments and trading on the stock market,” it said.
