KUALA LUMPUR, March 25 (Xinhua) -- Malaysia's capital market remained resilient in 2023, with the market size growing 5.6 percent to 3.8 trillion ringgit (800 billion U.S. dollars) in 2023 from 3.6 trillion ringgit in 2022, official data showed Monday.
The Securities Commission Malaysia (SC) said in a statement that the increase was driven by the growth of total equity market capitalization and bonds and sukuk outstanding.
Sukuk is an Islamic financial certificate that complies with Islamic religious law commonly known as Sharia.
According to the SC, the fund-raising in the equity and corporate bond market moderated to 127.7 billion ringgit in 2023 from 179.4 billion ringgit in 2022.
The fund management industry, however, grew strongly with total assets under management hitting a new high of 975.5 billion ringgit in 2023 as compared to 906.5 billion ringgit a year ago, due largely to positive valuation effect.
Moving forward, the SC said it remained committed to advancing Malaysia's capital market and supporting its transition to a low-carbon economy.
The SC will also soon launch a five-year micro, small and medium-sized enterprises roadmap, which aims to provide increased access to the capital market for them. (1 ringgit equals 0.21 U.S. dollars)
