Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), held the Bursa Excellence Awards 2024 at The St. Regis, Kuala Lumpur, last Friday. The 12th edition of the awards ceremony recognised the accomplishments of brokers, market intermediaries, and principal advisers within the Securities, Derivatives, and Islamic markets, awarding 62 accolades across 32 categories.
This year’s event also marked the introduction of two new categories: the ‘IPO Awards’ for Best Principal Adviser and the ‘Special Awards’ for Innovation and Thought Leadership. The ‘Special Awards’, in particular, was established to celebrate and honour the trailblazers who have made significant contributions that drive transformative changes and set new benchmarks in the Malaysian capital market.
The awards ceremony was graced by YB Lim Hui Ying, Deputy Minister of Finance, Bursa Malaysia Board members, and leaders of brokers and intermediaries, highlighting the event’s importance within the capital market community.
In her keynote address, YB Lim Hui Ying, Deputy Minister of Finance, commended Bursa Malaysia for its unwavering support of the brokers and market intermediaries via various forms. “Through the continuous efforts to develop the market ecosystem, together we have fostered a more vibrant marketplace, ensuring enhanced efficiency, and market liquidity. Furthermore, the Exchange’s initiatives to expand and diversify its range of products and services demonstrate intent to be agile in meeting the evolving needs of market participants, corporates, and investors,” stated YB Lim Hui Ying.
In 2024, Bursa Malaysia demonstrated strong market performance, with its market capitalisation crossing the RM2.0 trillion mark for the first time on 7 May 2024. The FBMKLCI gained 12.9%, positioning it as among the Southeast Asia’s leading market. Bursa Malaysia also topped the ASEAN exchanges in terms of growth in average daily trading value (“ADV”), which surged by 53%, with foreign investors contributing 36% of the total trading value. The year also welcomed 55 Initial Public Offerings (“IPOs”), which collectively raised RM7.4 billion Ringgit, achieving a total IPO market capitalisation of RM31.4 billion, the highest since 2006.
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