Bernama – Bursa Malaysia’s all-time high shows Madani Framework is building investor confidence

KUALA LUMPUR, May 10 (Bernama) — Bursa Malaysia’s record high shows that measures under the MADANI framework are building investor confidence, said Finance Minister No. 2 Senator Amir Hamzah Azizan.

Bursa Malaysia’s flagship stock index, the FTSE Bursa Malaysia KLCI (FBM KLCI), recently topped 1,600 points, its highest level in two years, helping the bourse’s market capitalisation reach an all-time high of RM2 trillion.

“This performance is testament to the strength of the market and the Malaysian economy, highlighting our strong resilience amid ongoing geopolitical tensions,” he said at a launch ceremony for CIMB Securities here today.

Amir Hamzah said the development of Malaysia’s capital market reflects efforts to promote growth, innovation and resilience in the financial sector, positioning Malaysia as a leading destination for investment and capital market activities.

“As the custodian of Malaysia’s economic prosperity, the Ministry of Finance is responsible for formulating policies and strategies to ensure sustainable growth, financial stability and prosperity for all Malaysians.

“Central to this mandate is the promotion and development of Malaysia’s capital markets,” he stressed.

The Minister noted that the multiple strategies and initiatives rolled out by government continue to work in tandem towards the realisation of key objectives for the MADANI economy.

These include major economic reforms under the National Energy Transition Roadmap (NETR), National Industrial Master Plan (NIMP) 2030, Mid-Term Review of the 12th Malaysia Plan (MTR) and National Budget 2024.

“These initiatives span across various government ministries and departments, reflecting a whole-of-government approach and a joint focus on raising ceilings and raising floors, paving the way for tangible and sustainable economic growth through impact-driven efforts,” he said.

The government therefore expects the corporate sector to step up its participation in the country’s economic ecosystem.

“In this regard, I welcome CIMB Securities to the capital market and look forward to adding to the vitality of our financial markets,” he said.

— Bernama


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