Bursa Malaysia, formerly known as the Kuala Lumpur Stock Exchange (KLSE), is the main stock exchange in Malaysia. Established in 1973 and located in the capital city of Kuala Lumpur, Bursa Malaysia plays a critical role in the Malaysian economy by facilitating the trading of various financial instruments, including equities, derivatives, bonds, and Islamic financial products.
The exchange is known for its robust regulatory framework and commitment to transparency, making it a key player in the Asian financial markets.
As the mid 2024, the Bursa Malaysia continues to grow, with a total market cap of all companies trading on the KLSE standing at some RM2 trillion.
Daily Movers – Bursa Malaysia Listed
Top Malaysia Listed Companies
The Bursa Malaysia is home to a diverse range of companies, with over 1,037 listed firms in mid 2024. This number can change from time to time, as new firms IPO, and others may delist.
Whilst there are many companies listed, certain stocks get more attention than others. We have highlighted some of the top Malaysia listed stocks below, but there are many more besides. Depending on your investing or trading goals, there will be certain sectors or trends that might appeal to you more than others.
Maybank
PBBank
Tenaga Nasional
CIMB Group
PChem
IHH Healthcare
Celcomdigi
PMetal
YTL Corporation Berhad
Hong Leong Bank
Daily Movers – Indices
Demystifying the Bursa Malaysia
Previously known as the Kuala Lumpur Stock Exchange (KLSE), Bursa Malaysia has a rich history that dates back to the early 20th century.
The exchange has evolved significantly over the decades, playing a crucial role in the development of Malaysia's financial markets and economy.
Early Beginnings
The origins of Bursa Malaysia can be traced back to the 1930s when the Singapore Stockbrokers' Association was formed, which later became the Malayan Stock Exchange in 1960.
The exchange facilitated the trading of public shares and government bonds within the Federation of Malaya, Singapore, and later, the territories of North Borneo, Sarawak, and Brunei.
In 1964, following Malaysia's independence and the subsequent separation from Singapore, the Malayan Stock Exchange was divided into two separate entities: the Stock Exchange of Singapore (SES) and the Kuala Lumpur Stock Exchange (KLSE).
The KLSE began operations on May 9, 1964, serving as the primary stock exchange for Malaysia.
Evolution
In 2004, the KLSE underwent a significant rebranding and restructuring process, resulting in the establishment of Bursa Malaysia. This transformation aimed to modernize the exchange, enhance its global competitiveness, and improve regulatory standards. Bursa Malaysia Berhad was incorporated as a demutualized exchange, operating as a public limited company.
Bursa Malaysia is a global leader in Islamic finance, offering a wide range of Shariah-compliant products, including equities, bonds (sukuk), and derivatives. The exchange has a dedicated Shariah Advisory Council that ensures listed products comply with Islamic principles, attracting both domestic and international investors seeking ethical investment opportunities.
Operating as a fully integrated exchange, the Bursa Malaysia offers a diverse range of products and services to meet the needs of local and international investors.
Market Segments
Main Market: This segment caters to established companies with a strong financial track record. It includes some of Malaysia's largest and most well-known companies across various sectors, such as banking, telecommunications, and consumer goods.
ACE Market: The ACE Market is designed for smaller and emerging companies that are seeking to raise capital and gain visibility. It provides a platform for high-growth companies with the potential to transition to the Main Market.
LEAP Market: Introduced in 2017, the LEAP Market is tailored for sophisticated investors and offers opportunities to invest in small and medium-sized enterprises (SMEs). It aims to enhance access to capital for SMEs while providing investors with new investment options.
The exchange also features a robust derivatives market, offering products such as the Crude Palm Oil Futures (FCPO) and the FTSE Bursa Malaysia KLCI Futures (FKLI). These instruments allow investors to hedge risks and speculate on market movements, contributing to market liquidity and efficiency. Whilst other forms of trading such as the forex market are legal in Malaysia, they are not found on the exchange.
Top Sectors
Financial Services
One of the largest and most influential sectors on Bursa Malaysia. Includes major banks, insurance companies, and investment firms. Leading names include Malayan Banking Berhad (Maybank), CIMB Group Holdings Berhad, and Public Bank Berhad.
Plantation and Agriculture
Malaysia is one of the world's leading producers of palm oil, and the plantation sector is a significant component. Companies involved in the cultivation and processing of palm oil, rubber, and other agricultural products are heavily traded. Notable companies in this sector include Sime Darby Plantation Berhad and IOI Corporation Berhad.
Telecommunications and Technology
A sector that has seen substantial growth in recent years, driven by increasing digitalization and connectivity. Telekom Malaysia Berhad, Axiata Group Berhad, and Maxis Berhad dominate this industry, providing a wide range of services.
Energy and Utilities
Energy, particularly oil and gas, plays a crucial role in Malaysia's economy. Bursa Malaysia lists several prominent energy companies involved in exploration, production, and distribution. Petronas Chemicals Group Berhad and Tenaga Nasional Berhad (TNB) are significant players in this sector.
Consumer Goods and Services
This sector encompasses a broad range of industries, including retail, food and beverage, and healthcare. Nestle (Malaysia) Berhad, Berjaya Corporation Berhad, and Top Glove Corporation Berhad (the world's largest manufacturer of gloves) are key representatives of this sector.
Industrial Products and Manufacturing
These sectors are vital contributors to the economy, with companies producing electronics, automotive parts, and construction materials. Press Metal Aluminium Holdings Berhad and UMW Holdings Berhad are prominent in this sector.
Bursa Malaysia's history reflects its growth from a regional exchange to a modern, globally recognized financial institution. With a diverse range of industries represented, the exchange offers a comprehensive platform for investors seeking opportunities in one of Asia's most dynamic economies.