Bursa Malaysia's Q1 net profit rises 13.4%

PETALING JAYA: Bursa Malaysia Bhd’s net profit for the first quarter ended March 31, 2017 rose 13.4% to RM56.63 million from RM49.94 million.
Its revenue increased 6.5% to RM142.69 million compared with RM133.93 million in the previous year’s corresponding quarter.
The securities market saw heightened activities in the first three months of 2017, registering strong average daily trading value. Total net foreign inflow stood at RM5.7 billion as at March 31, 2017.
“Performance in the securities market is expected to continue with the expected improvements in the global as well as domestic economic conditions,” Bursa Malaysia said.
In the derivatives market, uncertain weather conditions and volatile crude oil prices continued to underpin trading of forward crude palm oil contracts, while forward Kuala Lumpur Index trading is very much correlated to movements in the FBM KLCI. Hence, activities are expected to be influenced by the need to manage portfolio risk and volatility in commodity prices and the FBM KLCI.
While trades on Bursa Suq Al-Sila’ continue to face strong competition locally and globally, Bursa Malaysia will continue with its efforts to expand its niche in the Islamic finance sector. Bursa Malaysia-i, as the world’s first fully integrated end-to-end syariah-compliant investing platform, is expected to further attract a wider pool of both domestic and foreign investors.
Bursa Malaysia said it will also continue with its initiatives in creating a vibrant and sustainable Malaysian capital market.