Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said just this week, the local market capitalisation hit a record high of RM2 trillion with the benchmark index FTSE Bursa Malaysia KLCI surpassing 1,600 points for the first time in two years. ― Picture by Razak GhazaliKUALA LUMPUR, May 11 ― Bursa Malaysia’s average daily trading value jumped 42 per cent to RM2.9 billion in the first four months of 2024, showing the vibrancy of the local equity market since early this year.
He said the performance of newly listed companies on the local stock exchange in 2024 has also been quite strong, with a majority of the 13 new companies listed year-to-date having closed above their initial public offering prices as of the end of April 2024.“In fact, five of the IPOs enjoyed price appreciation of more than 50 per cent,” he said in his opening remarks at the two-day Bursa Marketplace Fair 2024 at Suria Sabah Shopping Mall in Kota Kinabalu today.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »