Bursa Malaysia taps Phillip Nova to broaden foreign retail participation
The tie-up aims to help Singapore-based retail investors trade Malaysian equities through Phillip Nova’s digital platform.
Bursa Malaysia Bhd has enlisted Singapore brokerage Phillip Nova in its effort to draw more overseas retail investors into Malaysian stocks. The exchange said the partnership aims to simplify access for retail clients in Singapore using the broker’s digital platform.
The two organisations launched the collaboration on Nov 7 in Singapore through Bursa Malaysia’s Invest Beyond Borders initiative. An opening investor event received more than 800 registrations, while representatives from six listed businesses outlined their operations, strategies and prospects.
Participating companies included Karex Bhd, Top Glove Corp Bhd, Sunway Healthcare Holdings Bhd, Inta Bina Group Bhd, Kee Ming Group Bhd and Hi-Mobility Bhd.
Stephanie Tan, Bursa Malaysia’s director of group commercial and market coverage, said the turnout signalled interest from Singapore investors in Malaysian businesses. The exchange plans to build further ties with foreign brokerages and digital investing platforms. Phillip Nova chief executive officer Teyu Che Chern said Malaysian stocks could help Singapore investors diversify their portfolios and participate in regional growth.
Bursa Malaysia is also working to increase research and overseas visibility for its listed companies. Its Research Incentive Scheme Plus (RISE+) supports research coverage, while IR4U assists companies with investor relations and shareholder engagement. The exchange’s MY Value Up programme encourages listed businesses to strengthen corporate performance and create long-term value.
