The Stock Exchange

The Kuala Lumpur Stock Exchange (KLSE) in undergoing rapid development in terms of good governance and application of information technology. The market, however, has been choppy. There was a 62% contraction of the KLSE's market capitalization to RM286 billion at mid-1998 from a year earlier, following the regional financial crisis. Levels have since recovered somewhat, and market capitalization is about RM400 billion in the middle of 2000.

The government also launched MESDAQ in October 1997 to provide new high-technology and capital-intensive companies access to funds. But this projected was hurt by the regional crisis, which stalled its development and trading. It reopened only on April 30 1999.

Measures were implemented last year to enhance transparency and investor protection and improve corporate governance. In September 1998, inflows of portfolio capital were required to remain in Malaysia for at least a year. That rule was modified in February 1999 to allow foreign investors in the stock market to repatriate principal capital and profits subjected to a graduated levy. This was again further modified in September 1999 when the two-tiered exit tax on foreign profits was replaced with a flat 10% rate.

Arab-Malaysian Securities SDN BHD
15/F, Bangunan Arab-Malaysian
55 Jalan Raja Chulan
50200 Kuala Lumpur
Tel: +60-3 238-2788
Fax: +60-3 238-5396
Email: AMS@amssb.po.my

AFFIN-UOB Securities SDN BHD
Level 32, Menara Keck Seng
203, Jalan Bukit Bintang
55100 Kuala Lumpur
Tel: +60-3 243-8668
Fax: +60-3 243-3663

BBMB Securities SDN BHD
Level 2 , 3, 4 & 17,
Menara Olympia
8 Jalan Raja Chulan
50200 Kuala Lumpur
Tel: +60-3 208-8800
Fax: +60-3 201-9819
Email: bbmb099@bbmbsec.po.my

BIMB Securities SDN BHD
1/F-2/F, Podium Block
Bangunan AMDB
No. 1 Jalan Lumut
50350 Kuala Lumpur
Tel: +60-3 443-3533
Fax: +60-3 441-3433
Email: bimsec@tm.net.my

CIMB Securities SDN BHD
9/F, Commerce Square
Jalan Semantan
Damansara Heights
50490 Kuala Lumpur
Tel: +60-3 253-7788
Fax: +60-3 253-5533
Email: alex@cimbsec.po.my

FIMA Securities SDN BHD
Levels 1 & 2, Block G Central
Pusat Bandar Damansara
50490 Kuala Lumpur
Tel: +60-3 254-9966
Fax: +60-3 254-8595

HLG Securities SDN BHD
21/F, Wisma HLA
Jalan Raja Chulan
50200 Kuala Lumpur
Tel: +60-3 202-2778
Fax: +60-3 202-2328

Inter-Pacific Securities SDN BHD
Level 7, Menara Shahzan Insas
30 Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: +60-3 244-1888
Fax: +60-3 244-1686
Email: ykchew@berjaya.com.my

Jupiter Securities SDN BHD
7/F-9/F, Menara Olympia
8 Jalan Raja Chulan
50200 Kuala Lumpur
Tel: +60-3 204-1888
Fax: +60-3 204-2288

K & N Kenanga BHD
8/F, Pernas International Building
801 Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: +60-3 261-3066
Fax: +60-3 261-4990
Email: kenanga@kenanga.com.my

Kuala Lumpur City Securities SDN BHD
3.07, Level 3, Bangunan Angkasaraya
Jalan Ampang
50450 Kuala Lumpur
Tel: +60-3 244-9322
Fax: +60-3 244-8099
Email: klcs@klcssb.com.my

LEONG & CO SDN BHD
Level 18, Wisma Cyclecarri
288 Jalan Raja Laut
50350 Kuala Lumpur
Tel: +60-3 292-8899
Fax: +60-3 294-9088

MAYBAN Securities SDN BHD
30/F, Menara Maybank
100 Jalan Tun Perak
50050 Kuala Lumpur
Tel: +60-3 232-3822
Fax: +60-3 202-5384
Email: bih@mayban.po.my

OSK Securities BHD
10/F, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
Tel: +60-3 262-4388
Fax: +60-3 261-8254

PB Securities SDN BHD
20/F-21/F, Menara PanGlobal,
No 8 Lorong P Ramlee
50250 Kuala Lumpur
Tel: +60-3 201-3011
Fax: +60-3 201-2533

PENGKALEN Securities SDN BHD
Ground, Mezzanine & 1/F, Menara Pengkalen
No. 2 Jalan Changkat Ceylon
50200 Kuala Lumpur
Tel: +60-3 244-8055
Fax: +60-3 244-8082

RASHID HUSSAIN Securities SDN BHD
Level 1, 2, 3 & 5, Tower One
RHB Centre
424 Jalan Tun Razak
50400 Kuala Lumpur
Tel: +60-3 985-2233
Fax: +60-3 985-5522
Email: csd@rhb.com.my

SEAGROATT & CAMPBELL SDN BHD
26/F-30/F, The Weld Tower
76, Jalan Raja Chulan
50200 Kuala Lumpur
Tel: +60-3 208-1600
Fax: +60-3 232-7420

SIME Securities SDN BHD
21/F, Bangunan Sime Bank
Jalan Sultan Sulaiman
50000 Kuala Lumpur
Tel: +60-3 2274-9288
Fax: +60-3 2274-9907
Email: simesec@po.jaring.my

TA Securities BHD
Menara TA One 22 Jalan P Ramlee
50250 Kuala Lumpur
Tel: +60-3 232-1277
Fax: +60-3 232-2369
Email: tae@po2.ta.com.my

AMSTEEL Securities (M) SDN BHD
No 1 Lintang Pekan Baru
Off Jalan Meru
41050 Klang Selangor
Tel: +60-3 343-9999
Fax: +60-3 343-3872
Email: nickaik@amcap.com.my

HALIM Securities SDN BHD
68, Jalan 52/6
New Town Centre
PO Box 561
46770 Petaling Jaya
Selangor
Tel: +60-6 755-5777
Fax: +60-3 755-4612

HWANG-DBS Securities BHD
18/F, Plaza Masalam
No.2 Jalan Tengku Zabedah E9/E
Section 9
40100 Shah Alam
Selangor
Tel: +60-3 553-3288
Fax: +60-3 553-8288

JF APEX Securities BHD
3/F, Wisma Apex
145A-C Jalan Bukit
PO Box 16
43007 Kajang
Selangor
Tel: +60-3 836-1118
Fax: +60-3 837-4532
Email: jfapex@jfleming.com

MOHAIYANI Securities SDN BHD
2/F-3/F, Plaza Damansara Utama
No 2 Jalan SS21/60
47400 Petaling Jaya
Selangor
Tel: +60-3 719-7345
Email: mssb@mohsec.com.my