What is Bursa Malaysia?
Bursa Malaysia is the stock exchange of Malaysia.
In US, there are 2 major stock exchanges; New York Stock Exchange (NYSE) and Nasdaq. These 2 are also the biggest in the world.
But what is stock exchange?
It is a place where investors buy and sell stocks, which are shares of a publicly traded companies.
Shares of companies like Tenaga Nasional, Maybank, Top Glove can be bought or sell on Bursa Malaysia. When you buy these shares, you become a partial owner of the company!
What are the 30 largest companies on Bursa Malaysia?
These companies also made the FTSE Bursa Malaysia Composite Index (FBM KLCI), the main stock market index on Bursa Malaysia. The index provides a good overview of the overall market performance. So next time when you heard “FBMKLCI up +x.xx%” on the news, you know roughly what it means now!
You may have also heard of Dow Jones – it is the benchmark index for New York Stock Exchange (NYSE) comprised of its 30 largest companies.
What is the FBM KLCI?
The main stock market index on Bursa Malaysia. It tracks the performance of 30 largest companies by market capitalization listed on the Main Board of the Bursa Malaysia. The index provides a good overview of the overall market performance.