- Bursa Malaysia anticipates a growing interest from millennials in the stock market, supported by collaborations with stockbroking companies.
- The Inter-Varsity Stock Challenge 2019 (IVSC) engaged 3,000 students from top universities, offering a total of RM81,000 in prizes.
- Partnerships with companies like Affin Hwang, Macquarie, and AmInvestment Bank helped enhance financial literacy and provided students with valuable market insights.
Bursa Malaysia drives growth in millennial investors
Bursa Malaysia is anticipating a rise in savvy investors among millennials as it teams up with stockbroking firms to host programmes designed to increase financial literacy. The Inter-Varsity Stock Challenge (IVSC) 2019 closing ceremony highlighted the positive response from students, with the competition sparking discussions aimed at encouraging young people to become knowledgeable capital market investors.
IVSC encourages young participants in stock market trading
The IVSC, a three-month virtual stock trading competition, saw 3,000 students from UTAR, MMU, and Taylor’s University participate. The event offered RM81,000 in prizes, with Taylor’s University winning the grand prize and second place. Students were mentored by key stockbroking companies, including Affin Hwang, Macquarie, and AmInvestment Bank, gaining exposure to various trading tools and strategies.
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Collaborations to strengthen financial literacy
Bursa Malaysia, along with its partners, is committed to enhancing the financial literacy of millennials, with over 40% of CDS accounts now held by those aged 25 and under. The partnership efforts include promoting digital tools such as the eInvest 2.0 portal and educating participants on structured warrants. These initiatives are crucial for developing a vibrant capital market by empowering young investors with the knowledge they need to succeed.
