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CGS-CIMB, Malacca Securities, RHB Investment, big winners at Bursa Award

KUALA LUMPUR: CGS-CIMB Securities was awarded Best Overall Equities Participating Organisation in 7th edition of the Bursa Excellence Awards 2019.

The exchange hosted this event to honour the top- performing brokers and market intermediaries.

RHB Investment Bank won the Best Retail Equities Participating Organisation under the investment bank category, while Malacca Securities won the same award for the non-investment bank category. 

Themed “Rising to the Challenge”, the awards ceremony recognised top-performing brokers and market intermediaries whose outstanding efforts had contributed to the growth across the securities, derivatives and Islamic markets in 2019.

A total of 47 awards in 21 categories were handed out during the ceremony, where the full list can be attained at the Exchange’s website.

This year, two new award categories were added:

  • Best High Touch Foreign Institutional Participating Organisation: Recognising a foreign broker’s active efforts to profile and promote Malaysia and Malaysian public listed companies to international and local buy-side investment professionals; and
  • Best Bursa Mids Research House: Recognising the research house that has substantially contributed towards the success of the Bursa MidS Research Scheme in catalysing participation of investors in the high growth mid and small-cap segments.

In his welcoming address, Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia said, “These awards celebrate the outstanding achievements of organisations and individuals who play a crucial role in encouraging the vibrancy and dynamism that is essential in our marketplace”. “Considering the challenging period in 2019, our equity market remained on a positive track, driven by our combined efforts of encouraging more vibrancy and liquidity. Retail Invest Year 2019 was a resounding success with the growth in retail participation, reaching a record high not seen since 2010.

The ETF market in Malaysia also saw a huge growth in trading activities following the issuance of 10 new ETFs last year, doubling the number of listed ETFs on the Exchange to 19.”

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