KUALA LUMPUR, Malaysia, Nov 2 (Bernama-PRNewswire) — Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) in partnership with CGS-CIMB Securities Sdn Bhd (“CGS-CIMB”), will host the inaugural “InvestHack” hackathon event from 20 – 22 November 2020. Themed “InvestHack: Reimagine Investing“, the contest aims to develop innovative solutions and offerings that can enhance retail investor participation in the marketplace. Joining in as community partners to support the competition are Malaysia Digital Economy Corporation (MDEC) and the Malaysian Global Innovation & Creative Centre (MAGIC).
Retail participation on Bursa Malaysia has seen significant growth this year, attributable to a variety of factors arising from the COVID-19 pandemic. As at end-September 2020, the retail participation recorded a 10-year high of 33.2%, while Average Daily Value (ADV) was RM1.327 billion representing a 231.4% increase compared to the same period in 2019.