Responding to questions on why the Malaysian stock market seemed to be volatile, Bursa Malaysia’s Chief Executive Officer Datuk Tajuddin Atan said that the market would take its own course as it reacted to external factors; such as economic, elections and other trading issues, BERNAMA reports.
Tajuddin added that the market will start to look at the companies’ financial performance.
According to him, foreign participation in trading was consistent with previous years, which accounted for 26 per cent of overall trading volume last year.
In terms of an overall outlook of financial results this year, Tajuddin said that Bursa Malaysia’s revenue would depend on the number of trading days, with the first quarter of 2013’s results being affected by the number of holidays, including the Chinese New Year.
Tajuddin also added that Bursa Malaysia has started investigations into the alleged illegal leak of confidential information in investors’ Central Depository System (CDS) accounts, which was reported by a local newspaper. He said that there was no official complaint on the matter hitherto.