KUALA LUMPUR – Malaysia needs more young people to invest in the capital market to ensure that it remains vibrant, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.
So far, he said investors aged 45 and below only constitute 7% of total investors in the stock market, and the number of those in the 20-30 age bracket is expected to be even lower.
He noted that in the stockbroking industry, for instance, most remisiers are aged 50 and above.
“The capital market industry needs an injection of new blood, both as employees as well as investors.
“We need young executives to attract young investors as they are more tech-savvy and they understand each other better,” he said in his opening speech at the commencement of the first cohort of the InvestED Leadership Programme 2023 today.
The SC-led flagship capital market graduate programme entails a one-month comprehensive and interactive learning module, followed by a six-month on-the-job training with investED partners from the capital market industry.
Meanwhile, Awang also said the state elections would not have any adverse effect on the capital market, as it is a normal and temporary event.
“The federal government is intact because this is only the state election, not a parliamentary election.
“In the past few weeks, we have seen the market improving, and I’m very confident that this sentiment will continue in the future,” he said. – August 7, 2023