Chief Executive Officer's Message

2008 was a year of highs and lows. Early in the year, the KLCI hit an all time high and six of our FTSE Bursa Malaysia (FBM) indices achieved record peaks. However, the effects of the global financial turmoil and domestic uncertainties soon impacted our market.

As 2008 progressed, the US subprime mortgage problem unravelled, followed by a credit and liquidity crunch, with significant stresses to the global banking system. Not surprisingly, investor confidence, the world over, steadily evaporated, resulting in dramatic gyrations in the securities markets.