BURSA Malaysia, which is expected to see lower trading volume on higher stamp duty rates and the Cukai Makmur, will develop other products to make up for any loss in income.
With the new proposed stamp duty fee structure, it will be more cost efficient to gain exposure to shares listed on Bursa Malaysia via an exchange-traded fund (ETF) rather than buying shares directly.
This would potentially make ETFs more appealing for those who prefer to buy a basket of securities, given the difference in trading costs. “The ETF segment could end up seeing greater investor interest over the next few years,’’ said Bursa Malaysia.
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