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.
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