PETALING JAYA: AmInvestment Bank Bhd believes that the Retail Corporate Day is a suitable platform to connect retail investors directly with corporations.
AmInvestment Bank chief executive officer Tracy Chen Wee Keng said with the current new normal, the bank is committed to providing the right assistance to connect retail investors with its corporate clients.
“We celebrate the Retail Corporate Day to recognise the importance and contribution of retail investors in the domestic equity market.
“Through this platform, retails investors are given the opportunity to interact directly with the management of corporations, ” she said in her welcoming speech at the virtual Retail Corporate Day celebrations today, organised by financial edutainment channel Mr Money TV and AmInvestment Bank.
She said since the pandemic lockdown, the domestic equity market has witnessed an exceptional level of trading activities and participation from retails investors.
Based on the Securities Commission Malaysia report, she said in 2020 alone, retail investors had a cumulative net trading value buy of RM14.3bil and is surpassing institutional investors’ trade of RM10.3bil.
“This is mainly attributed to the much sought after rubber gloves and technology-related sectors which rode on the pandemic wave.
“In terms of participation rate, retail investors alone contributed an average of 32% of value traded last year, ” Chen said.
As a comparison, the CEO said retail investors contributed 21% of value traded in 2019.
“Looking at a five-year average of 21.4%, the percentage recorded last year was a big achievement and the momentum has not stopped.
“In the first quarter of this year, retail investors’ participation stood close to 39 per cent or equal to an average daily trading value of nearly RM2bil, ” Chen said.
She added that the bank is witnessing this firsthand during its equity fundraising exercise where retail investors are taking a more prominent role, especially in its private placement deals.
In addition, Chen said that the bank is committed to supporting local corporations, especially small and medium enterprises (SMEs), in their development.
“We provide the right financial solution, including advisory services, to help propel their business plan.
“In 2019, we launched the road to capital market initiative to nurture and help businesses grow from cradle to the initial public offering process, ” she said, adding that one of its clients is already graduating from this initiative.
The Retail Corporate Day programme is in collaboration with Kerjaya Prospek Group Bhd, Swift Haulage Sdn Bhd, and Perak Transit Bhd. — Bernama