Thursday, March 17, 2011

Securities Commission: Malaysian capital market at RM2 trillion end-2010

KUALA LUMPUR: The Securities Commission said the Malaysian capital market reached RM2 trillion at end-2010, recording an annual compounded growth of 11% from RM717 billion in 2000.

SC chairman Tan Sri Zarinah Anwar said on Thursday, March 17 the growth was boosted by rapid industry expansion and strong regulatory oversight that underpinned investor confidence in the Malaysian capital market.

In its Annual Report 2010, she said the equity market capitalisation grew by 27% from RM979 billion in 2009 to RM1.2 trillion in 2010 as market sentiment improved on the back of the launch of the new economic programmes.

'The initial public offering (IPO) market was also buoyant with 29 new listings in 2010. This was double the 14 listings recorded in 2009. The new listings raised RM19.79 billion with Petronas Chemicals Group Bhd having the distinction of being the largest IPO in Malaysia and South East Asia and successfully raising RM12.8 billion in November 2010,' she said.

As for the bond market, outstanding debt securities rose by 16.2% from RM653.2 billion in 2009 to RM758.7 billion in 2010.

In 2010, the SC approved 52 private debt securities for issuance with a value of RM63.6 billion as compared with 34 approved issues with a value of RM57.5 billion in 2009.

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