KUALA LUMPUR, March 4 (Bernama) — The Malaysian capital market’s average daily value (ADV) growth rose by more than 50 per cent to RM3.15 billion in 2024 from RM2.06 billion in 2023 underscores investor confidence and interest, according to Second Finance Minister Senator Datuk Seri Amir Hamzah Azizan.
He said market capitalisation also showed a rise of nearly 16 per cent, from RM1.80 trillion in 2023 to RM2.08 trillion last year.
“Market velocity also showed an increase to 39.4 per cent in 2024 compared to 29.3 per cent in 2023,” he said in response to Senator Manolan Mohamad in the Dewan Negara on the factors contributing to the rise in company listings on Bursa Malaysia, with 55 listed in 2024 and this year’s target.
He said Bursa Malaysia performed excellently last year in terms of initial public offerings (IPOs); it ranked first among ASEAN stock exchanges for the number of IPOs and IPO funds raised.
He said the listing of 55 IPOs last year marked a significant 72 per cent increase versus 32 recorded in 2023.
Amir Hamzah said the total funds raised from these 55 IPOs rose by 107 per cent to RM7.42 billion against 2023.
The listings of these 55 IPOs contributed to a 130 per cent increase in market capitalisation, amounting to RM31.37 billion versus 2023, he said.
“The record number of IPOs in 2024 and the overall strong IPO performance are evidence of interest from both domestic and international investors, due to confidence in Malaysia’s economic prospects and the strong regulatory framework implemented by market regulators.
“Other contributing factors include Malaysia’s political stability and a clear national direction, such as the MADANI economic framework, which provides structured, progressive growth and expands the country's economy, thereby contributing to the capital market’s growth,” he said.
He added that with the momentum achieved in 2024, Bursa Malaysia is targeting 60 IPOs in 2025.
-- BERNAMA
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