Kuala Lumpur: The Malaysian capital market’s average daily value (ADV) growth rose by more than 50 per cent to RM3.15 billion in 2024 from RM2.06 billion in 2023, underscoring investor confidence and interest, according to Second Finance Minister Senator Datuk Seri Amir Hamzah Azizan.

According to BERNAMA News Agency, market capitalisation also showed a rise of nearly 16 per cent, from RM1.80 trillion in 2023 to RM2.08 trillion last year. Market velocity increased to 39.4 per cent in 2024 compared to 29.3 per cent in 2023, as stated by Amir Hamzah in response to Senator Manolan Mohamad in the Dewan Negara regarding the factors contributing to the rise in company listings on Bursa Malaysia, with 55 listed in 2024 and this year’s target.

He highlighted that Bursa Malaysia performed excellently last year in terms of initial public offerings (IPOs), ranking first among ASEAN stock exchanges for the number of IPOs and IPO funds raised. The listing of 55 IPOs last year marked a significant 72 per cent increase compared to the 32 recorded in 2023. The total funds raised from these IPOs rose by 107 per cent to RM7.42 billion against 2023.

The listings of these 55 IPOs contributed to a 130 per cent increase in market capitalisation, amounting to RM31.37 billion versus 2023. Amir Hamzah noted that the record number of IPOs in 2024 and the overall strong IPO performance are evidence of interest from both domestic and international investors, due to confidence in Malaysia’s economic prospects and the robust regulatory framework implemented by market regulators.

He further explained that other contributing factors include Malaysia’s political stability and a clear national direction, such as the MADANI economic framework, which provides structured, progressive growth and expands the country’s economy, thereby contributing to the capital market’s growth. He added that with the momentum achieved in 2024, Bursa Malaysia is targeting 60 IPOs in 2025.