CGS International Aims Up To 10,000 Users In 2025 For 'UP', First Fractional Share Trading Platform
By Danni Haizal Danial Donald
KUALA LUMPUR, April 8 (Bernama) -- CGS International Securities Malaysia Sdn Bhd (CGS MY) aims to register 10,000 users for its newly-launched fractional share trading platform, UP, which serves as Malaysia's first fractional trading platform on Bursa Malaysia encouraging young and low-income individuals to invest in the capital market.
Its deputy chief executive officer Khairi Shahrin Arief Baki said the platform offers a huge potential targeting university students and low-income individuals to invest a minimum of US$1 per month (US$1=RM4.49).
“We feel that there's a market for it (UP) and now the university students and the low-income people have the accessibility now to enter into the market easily," he told Bernama after the launching of 'UP' in conjunction to the ASEAN Investment Conference, here today.
The application also fulfills the aspiration for greater capital market access announced by Prime Minister Datuk Seri Anwar Ibrahim under the Malaysia MADANI Economy Framework.
"Fractional share trading is nothing new actually, but in Malaysia, it has never been done before , so we would like to promote Bursa Malaysia in this initiative as well.
"We feel some social responsibility both to the community as well as to Bursa Malaysia by promoting Bursa shares, hence investors can start investing with the top 30 listed companies," he said.
Meanwhile, CGS MY launched its third installment of its flaghsip ASEAN Investment Challenge (AIC) 2025 today.
AIC was sucessfully launched by Finance Minister II Datuk Seri Amir Hamzah Azizan.
"This year, the group is introducing the challenge in a new market, the Phillippines.
AIC 2025 is part of its commitment to broaden its outreach to foster greater financial investments amongst the youth of ASEAN," the company said.
-- BERNAMA