Abdul Wahid attributed the strong performance to key factors, including a favourable macroeconomic environment in Malaysia, continued strong trade, and robust government support. — Picture by Miera ZulyanaISKANDAR PUTERI, Sept 26 — Bursa Malaysia’s market outlook remains robust, supported by sustained interest from both domestic and foreign investors, said its chairman Tan Sri Abdul Wahid Omar.
“Foreign investors contributed 35 per cent to the trading value, with a net inflow of RM3.99 billion,” he said in his welcoming address at Invest Malaysia 2024, here today. For the first half of 2024, Bursa Malaysia led Asean in initial public offerings , raising US$450 million , representing a 33 per cent market share of the region’s IPO market.
“There are several more listings anticipated in the remaining quarter of 2024, and we are optimistic about meeting our target of 42 IPOs this year, a level not achieved since 2006 with 40 listings,” he added.