KENANGA Investment Bank Bhd (Kenanga) expects retail participation in the stock market to increase to 30 each cent by 2016 on the back of many initiatives by both the regulatory authorities and the corporate sector.Speaking to press reporters after the KenTrade Trading Obstacle, right here

, the other day, its executive supervisor and also head of equity broking Lee Kok Khee stated Kenanga is committed to debunking the securities market in order to entice younger investors, especially millennials. & ldquo; There is no doubt concerning liquidity out there, the inquiry is in generating even more“participation into the retail market, particularly for the more youthful demographics, those aged 40 as well as below, & rdquo; he stated & ldquo; What we at Kenanga notification is that a lot of investors as well as our reps are those over 40 and also it is time to bring in more youthful individuals. With recognition campaigns taken by Bursa Malaysia, the Securities Commission and us, we anticipate to view higher retail participation in the future. & rdquo; The retail market involvement currently stands at some 20 per cent. KenTrade Trading Challenge, aimed at impressive individuals from the

Gen-X and Gen-Y groups to invest, replicates real-life trading as well as is based on real-time market information from the regional bourse. The challenge drew in 12,000 individuals, exceeding its initial target of 10,000. & ldquo; We were pleased with the response. For us, this is just the start and also is component of our programme to inform even more individuals to spend, & rdquo; he claimed, including that Kenanga will continuously start even more awareness campaigns targeting the younger generation. & ldquo; We have designated RM500,000 for following year & rsquo; s programme however we will have not a problem with raising the amount if there is a demand for it, & rdquo; said Lee.Kenanga & rsquo; s next action in its youth-centric market

“awareness project is to launch an application for trading on smartphones along with the & ldquo; RM1 million Difficulty & rdquo;, which will certainly take location in the first quarter of following year whereby the top 10 contestants of KenTrade Trading Difficulty will be given RM100,000 each to sell the real marketplace.Finance Financial investment & Business Info stock market “