SC Statement on the Launch of MADANI Economy: Empowering the People

MEDIA RELEASE

Kuala Lumpur, 27 July 2023

The Securities Commission Malaysia (SC) commends the initiatives announced today by Prime Minister and Minister of Finance, Dato' Seri Anwar bin Ibrahim, at the launch of "MADANI Economy: Empowering the People" at the SC.

The capital market can play a greater role in supporting the aspirations of the nation to become a leading economy in ASEAN whilst improving the financial sustainability for all Malaysians. Through industry engagements and consultations, there is a pipeline of capital market initiatives, which amongst others, aim to make investments more affordable for all Malaysians and to provide greater funding access for MSMEs through the capital market.

The SC will soon announce more details with regards to the three specific measures announced today, which aim to improve stock market vibrancy and reduce market friction.

The three specific measures are:

Making investments affordable by -

a. reducing the current board lot size for trading on Bursa Malaysia;
b. enabling fractional share trading by investors through stock brokers; and
Enabling automatic transfer for companies listed on the ACE Market to the Main Market of Bursa Malaysia, subject to meeting certain criteria.

Quote by SC Chairman Dato’ Seri Dr. Awang Adek Hussin:

“The SC welcomes the various capital market-related initiatives announced by the Prime Minister today. These initiatives build on the good progress in the announcements on the capital market made by the Prime Minister in June this year.”

“The initiatives will make investments more affordable to investors, ensure accessibility and help improve market vibrancy.”

“The SC is confident these new measures will help spur the growth of the capital market, which plays a critical role in financing economic activity and mobilising savings.”

“The SC will unveil further details of the latest announcements next week.”

Securities Commission Malaysia