KUALA LUMPUR – Malaysia continues to see an increasing number of new female investors in the stock market, representing 36% of new Central Depository System (CDS) accounts opened year-to-date.
Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said that in 2020, 32% of CDS accounts were held by women, and that figure rose to 34% last year.
He said female investors made up 30% of total trade value in 2021, and women’s total trade volume surged 194.1% between 2018 and 2021.
‘‘Women have become more actively involved in their investing activities,’’ he said at the annual Ring the Bell for #EqualityforEquity Campaign in conjunction with the International Women’s Day 2022 celebration today.
Umar said various studies conducted showed that portfolios managed by women tend to outperform those overseen by their male counterparts.
“In 2021, a study by Fidelity Investment showed women investors achieved positive returns and surpassed men by 0.4% on average in terms of annual performance between January 2011 and December 2020,” he said.
However, he reckoned that there is still room to grow and much needs to be done to further encourage the participation of female investors.
Hence, Umar said Bursa Malaysia has launched the #MyFirstTrade campaign that runs from today until March 31 exclusively for female investors who have a positive story to share.
During this period, Bursa Malaysia and participating brokers will waive respective portions of the opening fee for the first 4,000 CDS accounts opened by women.
“Bursa Malaysia provides a fair and open platform where everyone, man or woman, can participate in the capital market and corporate space.
“We have implemented rules for more women representation on the board of directors and we will continue with our efforts to reduce the gender equality gaps in the workplace,’’ he said. – Bernama, March 8, 2022
