KUALA LUMPUR: There are positive signs of recovery in the equities market especially, after Bursa Malaysia’s market capitalisation hit RM1 trillion last Tuesday, Bursa Malaysia’s chief executive officer Datuk Yusli Mohamed Yusoff said.
“It is a feat last achieved in 2007 before the global financial crisis,” he said at the a Market Chat 2009/2010 Roadshow on Saturday.
He said retail participation was also coming back – on the first day of trading this year retailers recorded an encouraging 34% (from some 20% 2009). “With the Government adopting an aggressive stance to make Malaysia a high-value economy, this would translate into a new era of growth for our economy,” he said.
Yusli said with such major transformation taking place, sectors of the economy that were deemed high value and high growth would see more economic activities.
“This will also have a positive impact on the Malaysian capital market and those who choose to participate,” he said.
Bursa Malaysia, he said, was serious in further developing the capital market. “While we make every effort to remain market friendly, you must also know that investor protection is a top priority for us. We remain focused on maintaining a regulatory framework that is effective without compromising market integrity,” he said. — Bernama
Source: The Star online (link)
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