Malaysia’s capital market hits RM4 trillion milestone, driven by strong domestic growth and IPO surge

Quick Summary:

KUALA LUMPUR: Malaysia's capital market reached a significant milestone in 2024, surpassing the RM4 trillion threshold, driven by strong domestic fundamentals that helped overcome complex and multifaceted global economic challenges.

The total equity market capitalisation and bonds/sukuk outstanding continued to grow, fuelled by domestic reforms and economic growth forecasts of between 4.8 per cent and 5.3 per cent this year.

Additionally, Budget 2025 includes provisions to increase the Employees Provident Fund (EPF) base by allowing foreign worker contributions.“This initiative is expected to organically grow the liquidity in the market, providing a more stable and substantial pool of funds for investment.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaIndonesiaSingaporeThailandUnited States

Topics: Bonds Markets FBM KLCI IPO /Business/Business News Bursa Malaysia Equities Sukuk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 11:10:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1381 words

Reading Time: 8 minutes read

Sentences: 49 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24424771

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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