This was achieved based on a total revenue of RM233.3 million for financial year ended 31 December 2003 as compared to RM273.4 million for the financial year ended 31 December 2002 - an increase of RM51.1 million or 28% when compared to the 12-month pro-rated income of RM182.3 million for the previous year.
At group level, KLSE Bhd recorded a surplus before tax of RM95.6 million for the financial year ended 31 December 2003 as compared to RM30.7 million for the financial period ended 31 December 2002, an increase of RM64.9 million or 211%.
Chief Executive Officer Yusli Mohamed Yusoff said, ”With positive sentiments and key initiatives undertaken at the exchange, KLSE Bhd recorded a steady financial performance, with the KLSE Composite Index closing 2003 on the positive – up 147.62 points to 793.94 as at 31 December 2003 compared to 646.32 points as at the previous financial year ended 31 December 2002.
“Market Capitalisation of the companies on the exchange as at 31 December 2003 was recorded at RM624.80 billion up 33% from RM471.10 billion as at 31 December 2002.
“Average daily volume of shares traded increased significantly to 504.88 million units per day for the period ended 31 December 2003 compared to an average daily volume of only 253 million units per day for the previous financial year ended 31 December 2002.
“Average daily value traded increased to RM838.77 million per day in 2003 compared to RM531.68 million per day for the previous financial year ended 31 December 2002,” he said.
Yusli added, “During the period under review, KLSE continued to focus on its core competencies in facilitating the raising of capital, with emphasis on improving efficiency and cost effectiveness.
“Total funds mobilised for the financial period ended 31 December
2003 was RM7.63 billion compared to RM12.86 for the financial year ended
31 December 2002.
“Of the RM7.63 billion, RM4.01 billion was mobilised from initial
public offers whilst RM3.62 billion was mobilised from existing companies,”
he said.
Yusli said for 2003, KLSE continued to attract many new quality listings.
“A total of 58 new companies were listed on the KLSE for the financial period ended 31December 2003, the highest number of new listings recorded in 5 years.
“Of the 58 new listings, 16 companies were listed on the Main Board, 22 companies on the Second Board and 20 companies on the MESDAQ Market. This brings the total number of companies listed on KLSE to 906 companies as at 31 December 2003 compared to 856 companies as at 31 December 2002,” he said.
Yusli was speaking at a media conference after KLSE BHd’s 27th Annual General Meeting (AGM) – which was the demutualised exchange’s first AGM involving the participation of shareholders from the Ministry of Finance, Inc., the Capital Market Development Fund, Licensed Stockbroking Companies and Remisiers.
Commenting on the AGM, Yusli said the AGM met its objectives and proceeded smoothly with all resolutions tabled and passed.
These include:-
- The adoption of the Directors Report, Audited Financial Statements
for the year ended 31 December 2004 for KLSE Bhd and KLSE Compensation
Fund.
- The appointment of the following directors to the Board of Directors
of KLSE Bhd:-
- Encik Yusli Mohamed Yusoff, Chief Executive Officer, KLSE Bhd
- Mr.Peter Leong Tuck Leng, Executive Director (Dealing) & Chief Executive Officer, Leong & Company Sdn Bhd
- Y.Bhg.Dato’ Seri Hwang Sing Lue, Executive Chairman, Hwang-DBS Malaysia Bhd
- Y.Bhg.Dato’ Abdul Wahid Omar, Managing Director & Chief ExecutiveOfficer, UEM Bhd
- Y.Bhg.Datin Paduka Siti Sa’diah Sheikh Bakir, Managing Director, KPJ Healthcare Bhd
- Dr. Thillainathan a/l Ramasamy, Director of Finance, Genting Bhd
- Mr. Cheah Tek Kuang, Group Managing Director, AmMerchant Bank Bhd.
- Encik Izham Yusoff, Managing Director, Amanah Raya Bhd
- The change in name from Kuala Lumpur Stock Exchange Berhad to Bursa
Malaysia Berhad.
- The re-appointment of Ernst & Young as Auditors of the Company.
- To transact any other business of which due notice has been given in accordance to the Companies Act 1965.
At the AGM, Yusli clarified the perception of variances in the use of the new logo and interim names for the demutualised exchange.
With the establishment of the demutualised exchange, KLSE adopted interim names to identify the exchange holding company – Kuala Lumpur Stock Exchange Berhad, and its wholly owned operating stock exchange – Malaysia Securities Exchange Berhad on 5 January 2004.
With the interim names still in use, the new logo was launched on 13 February 2004 to coincide and take advantage of the high profile occasion of the KLSE Corporate Awards 2003 – after which the new logo co-existed with the interim names until further notice.
“As you are aware, with the resolution passed today to adopt the new name Bursa Malaysia there will only be one name as reflected in the new logo - Bursa Malaysia.
“KLSE Bhd will announce the date on the official use of the new name Bursa Malaysia once the certificate on the change of name is issued by the Companies Commission of Malaysia.
“Since it is a brand name for the exchange, there is no abbreviation or translation for its usage. The exchange should invariably be referred to in print, electronically and verbally as Bursa Malaysia once the official use of the name is announced,” he said.
