Bursa Malaysia To Host Malaysia Excellence Awards 2016 Gala Nite

KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia Bhd will host the ‘Bursa Malaysia Excellence Awards 2016 Gala Nite’ on May 3 to recognise the outstanding performance of brokers and market intermediaries in 2016. Themed “Recognising Malaysia’s Best”, there will be 18 awards categories for this year, said the exchange in a statement here Thursday. The awards selection criteria have been further strengthened this year to better reflect the industry today and was evaluated based on trading value and compliance ratings, while for equities brokers, the number of new central depository system accounts opened would also be assessed, it added. “The Awards serve as recognition for brokers and market intermediaries that are the top achievers in their respective categories, as they strive to further grow the market,” said Chief Executive Officer Tajuddin Atan. This year, Bursa Malaysia has included new categories to also acknowledge the contribution of individuals within the broking community. In the first quarter of 2017, brokers and market intermediaries have continued to play an important role in promoting the value proposition of the local capital market, thus leading to a healthy foreign capital inflow. During the quarter, the cumulative net foreign inflows into Malaysian equities stood at US$1.31 billion (RM5.71 billion), the highest within the emerging markets in ASEAN. (US$1=RM4.34) Moving forward, Bursa Malaysia will further intensify its effort to improve the market ecosystem and provide more opportunities for fund-raising and trading activities, in addition to improving investors experience through active engagement and connectivity to the exchange. -- BERNAMA