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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Bursa Malaysia Reports 5.5% Increase in 2Q Net Profit, Declares 18 Sen Per Share Dividend

Bursa Malaysia Bhd (KL), the stock exchange operator, reported a 5.5% rise in net profit for the second quarter, driven by increased income from the securities market.

For the quarter ended June 30, 2024 (2QFY2024), Bursa Malaysia recorded a net profit of RM80.45 million, up from RM76.25 million in the same period last year. The company’s revenue for the quarter saw a significant 28% year-on-year increase, reaching RM199.94 million compared to RM144.6 million.

“The exchange is optimistic” about achieving its financial targets for the year ending 2024 (FY2024), the company stated in an exchange filing.

Bursa Malaysia declared an interim dividend of 18 sen per share, an increase from 15 sen per share in 2QFY2023.

Key Takeaways:

  • Net profit for 2QFY2024 rose 5.5% to RM80.45 million.
  • Revenue increased by 28% year-on-year to RM199.94 million.
  • Bursa Malaysia is confident in meeting its FY2024 financial targets.
  • Interim dividend declared at 18 sen per share, up from 15 sen per share in 2QFY2023.
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