Key Financial & Market Highlights
(1Q2017 vs 1Q2016) PATAMI at RM56.6 million, increased by 13.4%
- Annualised ROE at 26%
- Earnings per share at 10.6 sen
- Operating revenue at RM134.7 million, up 6.8%
- Operating expenses at RM63.8 million, up 0.8%
- Cost-to-income ratio at 45%
- Average daily trading value for Securities Market’s On-Market Trades at RM2.4 billion, up 20.0%
- Market capitalisation as at 31 March 2017 at RM1.8 trillion, up 5.5%
- Velocity at 34%
- Average daily contracts traded for Derivatives Market at 62,076 contracts, up 7.3%
- Average daily trading value for BSAS at RM17.4 billion, down 7.0%
Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) recorded a commendable performance for the first quarter ended 31 March 2017 (“1Q2017”) with PATAMI increasing by 13.4% to RM56.6 million compared to the same period last year. This was achieved on the back of higher operating revenue of RM134.7 million.
The annualised Return On Equity (“ROE”) remained stable at 26%. The cost-to-income ratio improved by 2 percentage points to 45% for the period under review as compared to 47% recorded in the first quarter of 2016 (“1Q2016”).
Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan said, “The first quarter results registered a growth, supported by strong performance in the Securities Market, where we saw heightened trading activities with strong participation from retail and domestic institution segments. We recorded a daily Average Daily Trading Value (“ADV”) for Securities Market’s On-Market Trades (“OMT”) of RM5.0 billion on 17 March 2017. We also saw foreign funds returning to the market, with a net inflow for the quarter of RM5.7 billion.”
For the period under review, the ADV-OMT grew by 20.0% to RM2.4 billion as compared to RM1.9 billion in 1Q2016. The Average Daily Contracts (“ADC”) for Derivatives Market grew by 7.3% to 62,076 contracts, driven largely by an increase in the trading activities of the Crude Palm Oil Futures contracts. In the Islamic Capital Market, trading on Bursa Suq Al-Sila (“BSAS”) saw strong competition locally and globally with its ADV falling 7.0% to RM17.4 billion during the quarter under review.
Bursa Malaysia’s 1Q2017 PATAMI of RM56.6 million increased by 12.9% compared to the preceding quarter ended 31 December 2016 (“4Q2016”). The ADV for Securities Market’s OMT increased significantly by 40.7% from RM1.7 billion in 4Q2016, while ADC traded in the Derivatives Market increased by 12.3% from 55,289 contracts in 4Q2016. On the Islamic Capital Market front, the ADV of BSAS rose 10.1% from RM15.8 billion in 4Q2016.
In closing, Datuk Seri Tajuddin said, “Bursa Malaysia will continue its effort to create a vibrant and sustainable capital market. The focus will be on improving the market ecosystem to provide more opportunities for fund-raising and trading activities, and also on improving investor experience via more engagement activities and connectivity to the Exchange. Efforts will also be intensified in developing new products and services, in line with our aim to diversify reliance on trading income.”
The financial results for the quarter ended 31 March 2017 are available on Bursa Malaysia’s website at www.bursamalaysia.com
