Malaysia to introduce incentives to stimulate stock trading: PM
Xinhua,February 06, 2018 Adjust font size:
KUALA LUMPUR, Feb. 6 (Xinhua) -- Malaysian Prime Minister Najib Razak announced several measures Tuesday to stimulate vibrancy of the country's capital market, including the waive of stamp duty on mid and small cap companies shares on the Malaysian stock exchange.
The waive of the stamp duty will be effective March this year for a period of three years, according to Najib.
All new investors will be given a fee waiver on trading and clearing fees for six months to encourage more participants to trade on the Malaysian market, he added.
Margin financing rules will also be liberalized to make the country's stock market more attractive. Intraday short selling will be allowed to all investors.
A new category of traders who trade on their own accounts, known as the "Trading Specialists," will be announced.
A volume-based incentive program will also be introduced by the Malaysia's exchange to catalyze greater trading activity, the PM said. Enditem