Bursa courts regional retail investors via new partnership
KUALA LUMPUR: Bursa Malaysia Bhd is seeking to widen foreign retail participation in the local stock market through a partnership with Singapore brokerage Phillip Nova, as it looks to attract more regional investors to Malaysian-listed companies.
Bursa Malaysia has launched a collaboration with Singapore brokerage Phillip Nova to expand foreign retail participation in the local stock market. The partnership, under Bursa Malaysia's Invest Beyond Borders initiative, aims to give Singapore-based retail investors easier access to Malaysian equities through Phillip Nova's digital trading platform.
The initiative attracted more than 800 registrations for its inaugural investor engagement, with six Malaysian-listed companies presenting their businesses and growth prospects to potential investors. Bursa Malaysia aims to make local equities more stable and visible to investors across the region and seek to expand similar partnerships with overseas brokers and digital investment platforms.
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