Attention! ASM will suspend trading for 3 days at the end of March.
The First Trust of Malaysia (ASM) will suspend trading from March 29 to 31, 2024 for the purpose of calculating dividend payout, according to a message issued by the National Trust (ASNB).
Users will not be able to trade ASM from March 29 to 31 using myASNB, ASNB counters or agents, and if they wish to trade ASM via KWSP i-Invest, they will not be able to do so from March 27 to 31, and ASM will reopen on April 1st.
ASM will announce its latest dividend at the end of March every year. Last year’s dividend was 4.50 sen per share or equivalent to 4.50%. This year’s dividend is expected to exceed last year’s 4.50% because of the good performance of Malaysian stocks this year, with Malaysia’s leading listed company, Maybank, having a strong month of February and March.
The ASM Annual Report 2023 shows that ASM invested 83.80% of its funds in the stock market, 1.97% in ETFs, 6.19% in fixed income instruments and 8.04% in other sectors.
Of the funds invested by ASM in the stock market, 27.58% were invested in the financial sector, 10.07% in real estate, 8.52% in utilities, 7.74% in daily consumption, 6.97% in manufacturing and 6.85% in communication services.
11.29% was invested in Maybank, 5.03% in CIMB, 4.70% in TNB, 3.96% in Public Bank and 3.72% in Sime Darby Plantation.
The government expanded the ASM fund in 2023 by 5 billion units for the public to subscribe. Today this 5 billion units have been fully subscribed. If you are interested in continuing to buy into ASM, you can try via myASNB APP and you will only get a chance to buy once someone sells their units.
