Bursa Malaysia

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) started 2011 at the closing record of 1,533.42 points. Many analysts positive on 2011 outlooks with some targeting FBM KLCI to hit as high as 1710 points.

Below are some of the factors on the positive outlooks.

  • Early general election in 2011
  • More foreign funds coming
  • Impact on 10th Malaysia Plan (10MP) and Economic Transformation Programme (ETP)

The table below is the FBM KLCI 2011 year end target from various research houses or brokers. If you have data from other brokers, kindly leave in the comment fields below.

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In 2010, there is 29 new Initial Public Offering (IPO) compare to 14 in 2009. Out of 29 listings, 23 companies were listed on the Main Board of Bursa Malaysia, while the rest were on the ACE Market.

How do they performed?

Based on data compiled from Bursa Malaysia, 17 out of 29 stocks closed higher than their offer price on the listing date. However, on 30th December 2010, the last trading day, only 12 closed higher than offer price. Seem like IPO stocks performance in 2010 is not very encouraging.

In January 2011, 3 more IPOs will be listed in Bursa Malaysia. They are K. Seng Seng Corporation, Benalec Holdings and Tambun Indah Land. With 2010 IPO performance data, are you going to subscribe to 2011 IPO?

The table below are the summary of 2010 IPO performance.

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petronas

It was speculated earlier that Petronas Carigali to listed in Bursa Malaysia when Prime Minister announced to reduce state ownership in the private sector early this year. However, it did not materialize after Petroliam Nasional Bhd (Petronas) listed Malaysia Marine and Heavy Engineering Holdings Bhd (MHE) and Petronas Chemicals Groups (PCG).

Now, the speculation come to surface again as a few of stock research companies such as MIDF Research and OSK Research release reports of possible IPO for Petronas Carigali.

Petronas Carigali Sdn Bhd is the exploration unit of Petronas, may be listed on Bursa Malaysia in 2011 and it is expected to attract a large number of foreign funds.

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bursa malaysia

Bursa Malaysia is govern by The Capital Markets and Services Act 2007 (“CMSA“). CMSA prescribes the laws among others, to regulate and to provide for matters relating to trading activities in the capital markets.

The following are four (4) types of trading activities that are prohibited in Bursa Malaysia as stipulated in CSMA.

1. Section 98 of CMSA – Short Selling

Short selling is the action of a person selling shares, which he does not own at the time of selling. Essentially, the law provides that a person shall not sell securities to a purchaser unless, at the time when he sells them:-

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sensex

Recently, we heard news about Singapore Exchange (SGX) agreed to a US$8.3 billion takeover of Australia’s ASX Ltd. The merger will create Asia’s fourth-largest and World’s eight-largest stock exchange.

With the above news it is interesting to know the biggest stock exchange in the world. The following table shows the largest stock exchange around the world in terms of market capitalization as of September 2010. It also shows the number is listed companies as its performance for the past 1 year. It also interesting to know how is our local exchange, Bursa Malaysia perform.

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