COVID–19 NEWS   Japan registers record 250,403 COVID-19 cases within past 24 hours | COVID: Malaysia records increase in new cases, fatalities - Dr Noor Hisham | New COVID-19 cases drop 5.2 pct last week - Health Dg  | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave | 
BUSINESS

SC: Lack of participation by Malaysian youth in capital market

01/07/2022 06:39 PM

KUALA LUMPUR, July 1 (Bernama) -- There is a dearth of participation by Malaysian youth in the capital market, said the Securities Commission Malaysia (SC). 

In a report today, the SC noted that through its recent Youth Capital Market Survey 2022, it was revealed that a majority of Malaysian youths’ income is spent on food, household expenses, and debt repayment -- leaving them with not much left for savings or investment.

“Respondents prioritise setting aside their income for emergencies and for expenses on children or family, but the pressure to keep up with appearance is apparent across segments.

“Controlling their expenses, for example, putting a limit on eating out, shopping, and travel makes them feel that they are unable to enjoy the fruits of their labour,” the SC said. 

Other factors that may cause the lack of participation are the low awareness of capital market products rather than non-capital market products such as insurance, Tabung Haji, and fixed deposits, the report noted.

Only three per cent of the respondents considered themselves to have a high-risk appetite while 97 per cent are comfortable with medium to low risk, the SC said. 

 It added that low-income earners lack sufficient surplus for investment after they have set aside cash for emergencies.

“Contrarily, those with a higher income feel more inclined to invest their additional funds,” the SC noted. 

-- BERNAMA 

 


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy