Bursa Malaysia (MYX) is a stock exchange based in Kuala Lumpur, Malaysia. The acronym or abbreviation for this market is MYX. This page contains information on the trading hours, market holidays, contact information and more.
Bursa Malaysia is located in the country of Malaysia.
The main currency of Bursa Malaysia is MYR. It's symbol is RM.
Bursa Malaysia: A comprehensive overview
Bursa Malaysia, founded in 1930 as the Kuala Lumpur Stock Exchange, is the primary securities exchange in Malaysia. It is based in Kuala Lumpur and is one of the oldest stock exchanges in Southeast Asia.
History of Bursa Malaysia
The exchange began operations in 1930 when only 12 companies were listed with a market capitalization of just $15 million. It was called the Kuala Lumpur Stock Exchange until 1976 when it merged with the Stock Exchange of Malaysia and Singapore.
In 2004, the exchange was renamed Bursa Malaysia, reflecting its broader role in the Malaysian economy. The exchange has since undergone significant technological and regulatory changes, making it a modern gateway for local and international investors.
Bursa Malaysia Today
Bursa Malaysia is now a fully automated digital exchange with a full spectrum of products, including equities, derivatives, bonds sectors, and exchange-traded funds. The exchange is home to more than 900 listed public companies across multiple sectors, including finance, telecommunications, and consumer goods.
It is important to note that Bursa Malaysia has a robust regulatory framework, and the exchange is overseen by the Securities Commission of Malaysia. This oversight ensures that conduct in the marketplace is above board and that investors are protected from illegal and unethical practices.
The exchange is open from Monday to Friday, between the hours of 9 am and 5 pm local time, and it works tirelessly to develop world-class products, services, and policies to safeguard the interests of investors.
In essence, Bursa Malaysia is more than just a financial marketplace; it's a vital engine for economic growth, providing everyday Malaysians with multiple investment options while providing businesses with access to capital for expansion and growth. It is a testament to Malaysia's development as a modern, globally competitive economy, and it continues to play a vital role in shaping the future of the country.
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