Malaysia’s stock exchange is taking steps to reduce the dominance of large domestic investors to boost trading and attract foreign interest as the Bursa Malaysia emerges as Southeast Asia’s top performer this year, Bursa Malaysia CEO Muhamad Umar Swift told Reuters. With the Kuala Lumpur stock market up 15% in 2024, efforts are underway to enhance liquidity by encouraging institutional shareholders to increase their free float. This initiative is aimed at drawing investors seeking technology stocks and more liquid assets. Despite the challenge of repositioning institutional investments, the strategy is showing signs of success, with foreign investments returning and a healthy IPO pipeline, including a USD509m public debut by 99 Speed Mart Retail Holdings.