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CEO: Bursa Malaysia seeks to reduce large domestic investor dominance to lure foreign investment

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Muhamad Umar Swift News

Bursa Malaysia

KUALA LUMPUR, Sept 4 — Malaysia’s stock exchange is looking to loosen the grip of large domestic investors on the market to encourage more trading and attract foreign investors...

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“There is liquidity looking to be deployed now that traditionally would be North Asia or India or Vietnam,” Bursa Malaysia chief executive Datuk Muhamad Umar Swift told Reuters in an interview today.“They’re looking for a certain liquidity ... and so from the exchange perspective, we will engage institutional shareholders who have these assets to encourage more free float.”

The free float of Malayan Banking Berhad, for example, the largest stock on the KLSE, is 43 per cent, according to LSEG data, below 60 per cent for the top three stocks.

 

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