Under a deal signed today, the exchange will share stock market data such as daily and monthly transactions of shares, summaries of indices and sectors, market participation and the annual reports of public-listed companies.
DoSM, on its part, will provide data on national accounting, economic indicators, inflation, trade, the balance of payment, labour, household incomes and expenditure, as well as social and environmental information.
The collaboration will enable both parties to work together to create a single source of data for better decision-making, according to Bursa CEO Muhamad Umar Swift.
“At the moment, depending on who you ask in the market, you will get a different point of view,” he told reporters at a ceremony to sign the memorandum of understanding for the collaboration.
The objective, he said, is to ensure that there is only one set of data given as multiple sets of data would only lead to inefficiency.
Umar said the data would give DoSM an overview of investor behaviour, enabling strategic decision-making on a global or macro basis for the Malaysian economy.
“This will not only strengthen the capital market but will also assist in nation-building,” he added.
He also gave an assurance that the trading data of individual participants would not be made public under the agreement with DoSM.
Chief statistician Mohd Uzir Mahidin said the collaboration was an initiative to help DoSM deliver a comprehensive and wide range of statistical services.
“Bursa Malaysia’s data is vital because it contributes to the leading index, which is a predictive tool used to anticipate economic upturns and downturns on an average of four to six months ahead,” Uzir said.
“This index is published monthly and widely used by economic analysts to make economic forecasts,” he added.
Uzir also announced that the DoSM will introduce the Economic Census 2023 that will serve as a benchmark for the economy to ensure continuity in planning for the country’s development.
A vital feature of the census, he said, would be to assess the 12th Malaysia Plan and the Malaysia Transformation Programme.
“Apart from that, the economic census will also be used in the production of new economic data such as from the Industrial Revolution 4.0 (IR4.0), the Internet of Things (IoT), or the Internet of Everything (IoE),” he said.
Uzir said the economic census will also be used to generate main statistics at the national, state, and district levels. “It will encompass various sectors, such as mining, manufacturing, construction, services, agriculture as well as water and electric supply, involving over 1.25 million organisations,” he added.