KUALA LUMPUR, Nov 29 (Bernama) — Bursa Malaysia sees strong applications in the pipeline for listing next year.

Chief Executive Officer of Bursa, Datuk Tajuddin Atan, said there had been 27 listings so far this year, raising a total amount of RM6 billion.

“Despite the market volatility in recent months due to external factors, Bursa Malaysia has remained resilient in providing the platform for matching capital seekers with capital providers,” he told a media conference during the launch of Bursa Malaysia “Practical Guide to Listing,” a practical guidebook for aspiring companies wishing to be listed on Bursa Malaysia.

He said the stock exchange operator was focussed on attracting good quality companies in the market in order to increase vibrancy for the local bourse.

Tajuddin said among the large quality companies that will have an impact on the local bourse will be the listing of Pavilion Real Estate Investment Trust, a Kuala Lumpur-based property trust and shopping mall which is expected to be listed next month and Felda Global Ventures due for listing on the Main Market by next year.

Tajuddin said Bursa was also aiming at increasing the number of healthy stocks coming into the market as well as attracting Small and Medium Scale enterprises with growth potential.

“The exchange ensures that the market operates in a fair and orderly manner,” he said, adding that the guiding principle is for there to be healthy activities in the market as well as managing it if there are excessive speculation.

Global Head, Securities Markets of Bursa Malaysia, Uday Jayaram said the focus was both on institutional and retail investors.

“What we are trying to bring is not only to get large listing to come into the market but also smaller cap companies,” Uday said during the media conference.