Kuala Lumpur Stock Exchange
Encyclopedia
The Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay
) dates back to 1930 when the Singapore
Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya
. In 1937, it was re-registered as the Malayan Stockbrokers' Association, but it still did not trade public shares.
By 1960, the Malayan Stock Exchange was formed and public trading of shares began on 9 May. In 1961, the Board system was introduced whereby two trading rooms, one each in Singapore and Kuala Lumpur
, were linked by direct telephone
lines into a single market with the same stocks and shares listed at a single set of prices on both boards.
The Stock Exchange of Malaysia was officially formed in 1964 and in the following year, with the secession of Singapore from Malaysia, the common stock exchange continued to function under the name Stock Exchange of Malaysia and Singapore (SEMS).
In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into The Kuala Lumpur Stock Exchange Bhd (KLSEB) and The Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice-versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as the stock exchange. In 1994, it was re-named Kuala Lumpur Stock Exchange.
Kuala Lumpur Stock Exchange became a demutualised exchange and was re-named Bursa Malaysia in 2004. It consists of a Main Board, a Second Board and MESDAQ
with total mrket capitalization of MYR
700 billion (US$189 billion).
Malay language
Malay is a major language of the Austronesian family. It is the official language of Malaysia , Indonesia , Brunei and Singapore...
) dates back to 1930 when the Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya
British Malaya
British Malaya loosely described a set of states on the Malay Peninsula and the Island of Singapore that were brought under British control between the 18th and the 20th centuries...
. In 1937, it was re-registered as the Malayan Stockbrokers' Association, but it still did not trade public shares.
By 1960, the Malayan Stock Exchange was formed and public trading of shares began on 9 May. In 1961, the Board system was introduced whereby two trading rooms, one each in Singapore and Kuala Lumpur
Kuala Lumpur
Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...
, were linked by direct telephone
Telephone
The telephone , colloquially referred to as a phone, is a telecommunications device that transmits and receives sounds, usually the human voice. Telephones are a point-to-point communication system whose most basic function is to allow two people separated by large distances to talk to each other...
lines into a single market with the same stocks and shares listed at a single set of prices on both boards.
The Stock Exchange of Malaysia was officially formed in 1964 and in the following year, with the secession of Singapore from Malaysia, the common stock exchange continued to function under the name Stock Exchange of Malaysia and Singapore (SEMS).
In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into The Kuala Lumpur Stock Exchange Bhd (KLSEB) and The Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice-versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as the stock exchange. In 1994, it was re-named Kuala Lumpur Stock Exchange.
Kuala Lumpur Stock Exchange became a demutualised exchange and was re-named Bursa Malaysia in 2004. It consists of a Main Board, a Second Board and MESDAQ
MESDAQ
MESDAQ was launched on 6 October 1997 as a separate securities market, mostly for listing technology-based companies. It is part of Bursa Malaysia...
with total mrket capitalization of MYR
Myr
The symbol myr was formerly used in English-language geology, and remains as the standard usage in astronomy, as a unit of one million years.It is an abbreviation for 'million years' and lower case is used in geology, while upper case is used in astronomy....
700 billion (US$189 billion).
External links
- Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) official website
- Bursa Malaysia An article about Bursa Malaysia from TalkMalaysia.com