Boost­ing small and medium cap liq­uid­ity

New Straits Times - - Business -

KUALA LUMPUR: Govern­mentlinked in­vest­ment com­pa­nies (GLICs) are to al­lo­cate up to RM3 bil­lion for in­vest­ment in small and medium pub­lic-listed en­ti­ties on Bursa Malaysia to boost liq­uid­ity and in­vestors’ in­ter­est, says Sec­ond Fi­nance Min­is­ter Datuk Seri Jo­hari Ab­dul Ghani.

“The equity and cap­i­tal mar­kets are an im­por­tant con­duit to the broader econ­omy. We want all par­tic­i­pants in the stock mar­ket to re­ceive de­serv­ing in­vestors’ in­ter­est be­cause the small and medium en­ter­prises are in­te­gral to Malaysia’s econ­omy,” he told some 200 fund man­agers, bro­kers, remisiers, re­search an­a­lysts and me­dia prac­ti­tion­ers at the launch of Mid & Small Cap Re­search Scheme, here, yes­ter­day.

Se­cu­ri­ties Com­mis­sion chair­man Tan Sri Ran­jit Ajit Singh, Bursa Malaysia chair­man Tan Sri Amir­sham A. Aziz, Bursa Malaysia chief ex­ec­u­tive of­fi­cer Datuk Seri Ta­jud­din Atan, Re­tire­ment Fund Inc (KWAP) chief ex­ec­u­tive of­fi­cer Datuk Wan Ka­maruza­man Wan Ahmad, Malaysian In­vest­ment Bank­ing As­so­ci­a­tion stock­broking com­mit­tee chair­man Lok Eng Hong and As­so­ci­a­tion of Stock­broking Com­pa­nies Malaysia chair­man Rashid Is­mail were also pre­sent.

The seven GLICs are the Min­is­ter of Fi­nance Inc, Permodalan Na­sional Bhd, Khaz­anah Na­sional Bhd , the Em­ploy­ees Prov­i­dent Fund, Lem­baga Tabung Angkatan Ten­tera, Lem­baga Tabung Haji and KWAP .

Bursa Malaysia, as ad­min­is­tra­tor of Mid & Small Cap Re­search Scheme, has been tasked to pro­mote small and medium pub­li­clisted en­ti­ties via road­shows to in­vestors and traders.

Amir­sham said the Cap­i­tal Mar­ket De­vel­op­ment Fund would pay 22 re­search houses to an­a­lyse 100 small and medium listed com­pa­nies for three years to spur cap­i­tal mar­ket liq­uid­ity.

He also said two new in­dices have been un­veiled, namely the FTSE Bursa Malaysia MidS Cap In­dex and FTSE Bursa Malaysia MidS Cap Shariah In­dex. Ooi Tee Ching

PIC BY SALHANI IBRAHIM

(From left) Se­cu­ri­ties Com­mis­sion chair­man Tan Sri Ran­jit Ajit Singh, Sec­ond Fi­nance Min­is­ter

Datuk Seri Jo­hari Ab­dul Ghani, Bursa Malaysia chair­man Tan Sri Amir­sham A. Aziz and Bursa Malaysia chief ex­ec­u­tive of­fi­cer Datuk Seri Ta­jud­din Atan at the launch of Mid & Small Cap Re­search Scheme in Kuala Lumpur yes­ter­day.

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