KUALA LUMPUR, Aug. 25 -- Kenanga Investment Bank Bhd registered a profit before tax of RM25.9 million for its second quarter (2Q20) financial results, which is a threefold increase from the same period last year.

The group's net income for the quarter under review achieved a 46 per cent hike of RM170.1 million on the back of increased brokerage fees, trading and investment income as well as management fee income.

At the same time, it pointed out that the recent market volatility had catalysed a surge in participation from local retail investors and fuelled high record trading activities in the equities market.

Trading volume on Bursa Malaysia was recently reportedly to have swelled to a daily record of 26.65 billion, with the number of...