SC to unveil details on reducing board lot size, fractional trading soon

KUALA LUMPUR: The Securities Commission Malaysia (SC) will soon announce the details of reducing the current board lot size for trading on Bursa Malaysia, enabling fractional share trading by investors through stock brokers as part of the measures to make investments affordable.

These measures, as well as enabling automatic transfer for companies listed on the ACE Market to the Main Market of Bursa Malaysia, subject to meeting certain criteria, were announced by Prime Minister Datuk Seri Anwar Ibrahim at the launch of “Madani Economy: Empowering the People” today.

“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,” chairman Datuk Seri Awang Adek Hussin said in a statement today.

Anwar announced that these three measures are to be implemented this year in addition to the reduction of stamp duty on stock transactions listed on Bursa Malaysia that took effect in July 2023.

These capital market initiatives, amongst others, aim to make investments more affordable for all Malaysians and provide greater funding access for micro, small and medium enterprises (MSME) through the capital market.

Awang Adek said the initiatives would 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,” he said.

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 of all Malaysians. – BK