KUALA LUMPUR: Bursa Malaysia Bhd is seeking out opportunities to collaborate with fintech (financial technology) companies or other strategic partners to strengthen its value proposition, thus increasing its agility and efficiency.
Cover Story: We want to see a healthy level of trading, not just exuberance theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
EDGE WEEKLY: I want people to talk about stocks theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Bursa Malaysia Bhd posted its highest full year financial results since its listing in 2005 when its net profit doubled to RM377.74mil in FY ended Dec 31, 2020 due to the improved performance in the securities and derivatives markets.
03 Feb 2021 / 13:36 H. A man walking past a GameStop store in the Manhattan borough of New York City. The rally in GameStop resulted in billions of dollars in losses for short-sellers of the stock. – REUTERSPIX
PETALING JAYA: The GameStop stock frenzy cannot happen on Malaysia’s stock exchange as there are controls in place, said Bursa Malaysia Bhd CEO Datuk Muhamad Umar Swift, calling the phenomenon a “unique series of circumstances”.
“GameStop requires unique circumstances where the asset has been oversold. It’s not possible to oversell an asset 140% in our market. Therefore it is a unique series of events that allowed for a short squeeze,” he said at a virtual press conference on Bursa Malaysia’s FY2020 financial performance yesterday.