Malaysia's capital market expands to 753 billion USD in 2019
Malaysia's total capital market grew by 3 percent year on year to 3.2 trillion MYR (753 billion USD) in 2019, driven largely by Islamic capital market, the Securities Commission Malaysia (SC) announced on April 16.
Illustrative image (Photo:nst.com.my)Hanoi (VNA) – Malaysia's total capital market grew source by 3 percent year on year to 3.2 trillion MYR (753 billion USD) in 2019, driven largely by Islamic capital market, the Securities Commission Malaysia (SC) announced on April 16.
In its annual report, the regulator said total debt securities outstanding and equity market capitalisation reached 1.5 trillion MYR and 1.7 trillion MYR, respectively.
Despite the challenging global backdrop and ongoing domestic policy reforms, the Malaysian capital market saw a higher level of fundraising activities during the year, with total funds raised in the bond and equity market amounting to 139.4 billion MYR in 2019 compared to 114.6 billion MYR in 2018.
The domestic capital market is expected to remain resilient and orderly, underpinned by Malaysia's strong macroeconomic fundamentals, ample domestic liquidity, and supportive capital market infrastructure, which will continue to support the growth of the Malaysian economy in 2020, said the SC.
According to the regulator, the outlook for the domestic capital market will continue to be influenced by key global developments, with volatility driven primarily by the direction and pace of global economic growth and global monetary policy stance, and the uncertainty in relation to the ongoing trade and geopolitical tensions./.
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