| Bursa Malaysia | |
|---|---|
| Type | Public (KLSE: [1]) |
| Founded | 1964 |
| Headquarters | 10th Floor, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur, Malaysia. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Year 1964 ( MCMLXIV) was a Leap year starting on Wednesday (link will display full calendar of the 1964 Gregorian calendar. Kuala Lumpur (ˈkwɑːləlʊmˈpʊər Malay /kwɑlɑlʊmpʊ/ and locally /kwɑləlʊmpɔ/ or even /kɔlɔmpɔ/ or often abbreviated as K For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and |
| Key people | Dato' Yusli Mohamed Yusoff, CEO Tun Mohamed Dzaiddin Haji Abdullah , Chairman |
| Industry | News and Publishing |
| Website | www.bursamalaysia.com |
The Bursa Malaysia (MYX: 1818) or Malaysia Exchange, MYX previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930 when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" News is any new information or information on Current events which is presented by print, broadcast, Internet, or Word of mouth Publishing is the process of production and dissemination of Literature or Information &ndash the activity of making information available for public view A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The Malay language ( ISO 639-1 code MS is an Austronesian language spoken by the Malay people and people of other ethnic groups who reside in the Singapore British Malaya loosely described a set of states on the Malay Peninsula that were colonized by the British from the 18th and the 19th until the 20th century In 1937 it was re-registered as the Malayan Stockbrokers' Association, but it still did not trade public shares.
By 1960, the Malayan Stock Exchange was formed and public trading of shares began on 9 May. In 1961, the Board system was introduced whereby two trading rooms, one each in Singapore and Kuala Lumpur, were linked by direct telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards. The notion of "trading room" (sometimes used as a synonym of " Trading floor " is widely used in Financial markets to refer to the Office space Kuala Lumpur (ˈkwɑːləlʊmˈpʊər Malay /kwɑlɑlʊmpʊ/ and locally /kwɑləlʊmpɔ/ or even /kɔlɔmpɔ/ or often abbreviated as K Basic principle A traditional landline telephone system also known as "plain old telephone service" (POTS, commonly handles both signaling and audio information
The Stock Exchange of Malaysia was officially formed in 1964 and in the following year, with the secession of Singapore from Malaysia, the common stock exchange continued to function under the name Stock Exchange of Malaysia and Singapore (SEMS). For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and
In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into The Kuala Lumpur Stock Exchange Bhd (KLSEB) and The Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice-versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as the stock exchange. In 1994, it was re-named Kuala Lumpur Stock Exchange.
Kuala Lumpur Stock Exchange became a demutualised exchange and was re-named Bursa Malaysia in 2004. It consists of a Main Board, a Second Board and MESDAQ with total market capitalization of MYR700 billion (US$189 billion). MESDAQ ( Malaysian Exchange of Securities Dealing & Automated Quotation) was launched on 6 October 1997 as a separate market mostly for technology based companies listing This article is about the unit of time For the Magic the Gathering creatures see Creatures of Magic The Gathering.
In 2005, Bursa Malaysia was listed at its own exchange on 18 March. On 18 April, Bursa Malaysia introduced CBRS, a scheme which allows all investors to access research reports of Bursa-listed companies free-of-charge.
The main index for Bursa Malaysia is Kuala Lumpur Composite Index (KLCI). The Kuala Lumpur Composite Index ( KLCI) is a Stock market index generally accepted as the local stock market barometer However, in June 2006, a new index series jointly developed by Bursa Malaysia and FTSE Group was introduced which is FTSE Bursa Malaysia Index. FTSE Group (ˈfʊtsi as if written footsie) is a British provider of stock market indices and associated data services operating out of premises in Canary The FTSE Bursa Malaysia Index is a comprehensive range of real-time indices which cover all eligible companies listed on the Bursa Malaysia Main Board which was introduced
On November 7, 2006, the index finally passed the 1,000 mark hurdle and closed at 1,003. Events 1492 - The Ensisheim Meteorite the oldest Meteorite with a known date of impact strikes the Earth around noon in a Wheat Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 28. It was partly boosted by the strong overnight close in the Wall Street. Wall Street is a street in lower Manhattan, New York City, United States.
As at end-June 2007, the market capitalisation stood at US$307 billion. On October 2007, this figure increased to US$350 billion. [1]
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The first formal securities business organisation in Malaysia was the Singapore Stockbrokers' Association, established in 1930. A security is a Fungible, Negotiable instrument representing financial value For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and It was re-registered as the Malayan Stockbrokers' Association in 1937. The Malayan Stock Exchange was established in 1960 as the bourse for public trading of shares in Malaya. The Federation of Malaya (Persekutuan Tanah Melayu was a federation of 11 states formed on January 31 1948 from the nine Malay states and the British The board system with trading rooms in Singapore and Kuala Lumpur, linked by direct telephone lines into a single market with the same shares listed at a single set of prices on both boards, was established in 1961. Singapore Kuala Lumpur (ˈkwɑːləlʊmˈpʊər Malay /kwɑlɑlʊmpʊ/ and locally /kwɑləlʊmpɔ/ or even /kɔlɔmpɔ/ or often abbreviated as K
By 1964, the Stock Exchange of Malaysia was established. With the secession of Singapore from Malaysia in 1965, the Stock Exchange of Malaysia became known as Stock Exchange of Malaysia and Singapore. Singapore For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and In 1973, with thw currency interchangeability between Malaysia and Singapore ceased, the Stock Exchange of Malaysia and Singapore was divided into KLSEB and SES. The Kuala Lumpur Stock Exchange which was incorporated on December 14, 1976 as a company limited by guarantee, took over the operations of KLSEB in the same year. The Bursa Malaysia ( or Malaysia Exchange, MYX previously known as Kuala Lumpur Stock Exchange ( KLSE, Bursa Saham Kuala Lumpur Events 1287 - St Lucia's flood: The Zuider Zee sea wall in the Netherlands collapses killing over 50000 people Year 1976 ( MCMLXXVI) was a Leap year starting on Thursday (link will display full calendar of the Gregorian calendar.
The Kuala Lumpur Stock Exchange Berhad was demutualized pursuant to the Demutualization Act and converted into a public company limited by shares on January 5, 2007. Upon the conversion, the organization vested and transferred the securities exchange business to a new wholly-owned subsidiary, Bursa Securities, and became an exchange holding company and were renamed Bursa Malaysia Berhad on April 14, 2007. Events 43 BC - Battle of Forum Gallorum: Mark Antony, besieging Julius Caesar 's assassin Decimus Junius Brutus in Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century.
From the legal perspective, the demutualization essentially entailed the conversion from a not-for-profit "mutual" entity limited by the guarantee of its members into a company limited by shares. However, from the business strategy perspective, the demutualization, supported by business transformation initiatives, is intended to further enhance its corporate, organizational and governance structures.
On 18 March 2006, Bursa Malaysia made its debut on the Main Board of Bursa Malaysia Securities Berhad with a 17% or RM0. 50 premium over its retail price of RM3. 00. top
On March 10, 2008, trading on the exchange was suspended for one hour due to composite index fall by more than 10 percent or 130 points to 1166. Events 241 BC - First Punic War: Battle of the Aegates Islands - The Romans sink the Carthaginian fleet bringing 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common 32 points. This was largely by combination of factors such as the United States Subprime mortgage crisis and the political uncertainty caused by the 12th General Election. The United States of America —commonly referred to as the The subprime mortgage crisis is an ongoing financial crisis characterized by contracted Liquidity in global credit markets and Banking The 12th Malaysian general election was held on March 8, 2008, in accordance with Malaysian laws for national elections, which states that a general election Dealers expected the move was an overreaction to the election results and the market will correct itself. [2] The index gained 2. 1% the next day on the morning session as investor reinvest in plantation stocks and blue chips. [3]
Source: Bloomberg, in billions of RM , Data updated on 8 June 2008