Stock Market Watch Malaysia

Malaysian Stock Exchange has a history of more than 80 years. It was initiated in the year 1930 as Singapore Stockbrokers’ Association, the first formal securities business organization in Malaysia. Later, the name was changed into Malaysian Stockbrokers’ Association in 1937. Public trading of shares began only in the year 1960 with the formation of Malayan Stock Exchange. Malaysian Stock Exchange was established in 1964. With the separation of Malayan peninsula into Malaysia and Singapore, the stock exchange of Malaysia changed its name into Stock Exchange of Malaysia and Singapore in 1965. Till 1973, both the countries traded securities under one single brand name. However, due to cessation of currency interchangeability, the Stock Exchange of Malaysia and Singapore was divided into Kuala Lumpur Stock Exchange Board and Singapore Exchange Berhad or KLSEB. KLSEB was demutualized into a public limited company in the year 2004. Once the securities exchange business was transferred to Bursa Securities, KLSEB became an exchange holding company from a not-for-profit organization and was subsequently renamed as Bursa Malaysia Berhad.
Bursa Malaysia Berhad consists of a main board, a second board and MESDAQ. While the larger companies are listed on the Bursa Malaysia Securities Main Board, medium-sized companies are listed on the Second Board and high growth and technology companies are listed on the MESDAQ market. Market operations of Bursa Malaysia are primarily divided into Securities Exchange, a Derivatives Exchange and an Offshore Exchange.
The main index of Bursa Malaysia is the Kuala Lumpur Composite Index or KLCI. However, another index series was introduced in 2006 jointly by Bursa Malaysia and FTSE Group, which is known as FTSE Bursa Malaysia Index