Bursa Malaysia

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For the companies publicly traded on the Malaysia Exchange, see List of companies listed on the Malaysia Exchange.

Bursa Malaysia
File:Bursa Malaysia logo.png
TypeStock exchange
LocationExchange Square, Kuala Lumpur, Malaysia
Founded1964
Key peopleAbdul Wahid Omar (Chairman)[1]
Muhamad Umar Swift (CEO)[2]
CurrencyRinggit
No. of listings983
Market capUSD $397.39 billion
Websitewww.bursamalaysia.com

Bursa Malaysia is the stock exchange of Malaysia. It is one of the largest bourses in ASEAN.[3] It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides a full integration of transactions, offering a wide range of currency exchange and related services including trading, settlement, clearing and savings services.[4]

Along with the Securities Commission of Malaysia, the stock exchange regulates the capital market in Malaysia and through its facilities, upholds the duty to manage and maintain order in the trading of stocks, bonds and derivatives.[5]

History

Bursa Malaysia was established in 1930 when the Singapore Stockbrokers Association became an official organization of securities in Malaya. In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares. In 1960, the Malayan Stock Exchange was formed and public trading started on May 9 that year. In 1961, a board system was introduced in two trading places, one in Singapore and one in Kuala Lumpur.

The Malaysian Stock Exchange was formally formed in 1964 and in the following year, with the separation of Singapore from Malaysia, the stock exchange continued to function under the Malaysian and Singapore Stock Exchange (MSSE). In 1973, with the termination of currency exchange between Malaysia and Singapore, MSSE split into two which is the Kuala Lumpur Stock Exchange (KLSE) and the Stock Exchange of Singapore (SES).[6]

Kuala Lumpur Stock Exchange (KLSE) was renamed Bursa Malaysia in 2004 and it consists of a Main Market, ACE Market and LEAP Market.

See also

References

  1. ^ "DATUK SHIREEN MUHIUDEEN NAMED AS NEW NON-EXECUTIVE CHAIRMAN OF BURSA MALAYSIA". Retrieved 10 April 2019.
  2. ^ "DATUK MUHAMAD UMAR SWIFT APPOINTED AS CHIEF EXECUTIVE OFFICER OF BURSA MALAYSIA". Retrieved 10 April 2019.
  3. ^ "Overview". www.bursamalaysia.com. Retrieved 30 March 2022.
  4. ^ "INVESTMENT IN MALAYSIA". Asia Times. Archived from the original on 9 August 2002. Retrieved 10 December 2012.{{cite web}}: CS1 maint: unfit URL (link)
  5. ^ "Overview". www.bursamalaysia.com. Retrieved 19 May 2022.
  6. ^ "Bursa Malaysia history". Archived from the original on 19 April 2007.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Bursa_Malaysia&oldid=1122775914"