Moomoo Malaysia Reveals Top 10 Most Traded Bursa Malaysia Stocks; 50% from Banking Sector Spotlighting Key Investor Trends and Market Dynamic
Kuala Lumpur, Malaysia, 13 May 2024 - Moomoo MY, a leading next generation technology broker and Malaysia's No.1 most downloaded investment app, today shared the top 10 most traded Bursa Malaysia stocks on the platform. This data reveals evolving investor preferences and highlights the potential of retail customer investment trends in reshaping the traditional investment landscape.
The dominance of banking and financial stocks within the top 10 underscores Malaysia's robust financial sector and investor confidence in its continued resilience. The popularity of specific companies reflects a focus on innovation, strategic growth, and adaptability within a rapidly changing economic landscape.
Top 10 Most Traded Bursa Malaysia Stocks on Moomoo (As of 30 April 2024):
Combined, these top 10 stocks represent nearly 1 out of every 6 of all Bursa Malaysia trading activity on moomoo, illustrating the concentrated investor interest and significant capital engagement through these entities. This trend not only reflects the strategic choices of our users but also points to a deeper market confidence in these sectors.
"These trends point to the increasing sophistication of Malaysian investors," said Ivan Mok, CEO of Moomoo MY. "They are strategically aligning their portfolios with both established market leaders and companies embracing innovation and sustainability – key drivers of long-term growth. The banking and financial sectors are witnessing a transformation propelled by significant global fintech investments and a robust shift towards digital banking solutions. These trends are further supported by Malaysia’s proactive digital economic policies, which catalyse innovation and growth in financial services."
"But the importance of these trends goes beyond mere trading volumes and financial returns. They highlight the critical role of financial literacy in making informed investment decisions and the need for strategic foresight in financial planning." he continued.
In a recent initiative to promote financial education, Moomoo MY participated in the Bursa Marketplace Fair in Sabah as well as visited the University Malaysia Sabah, where Ong Wei Shin, Head of Dealing at Moomoo MY, engaged university students in discussions on personal finance and future financial planning. These efforts aim to inspire and educate young Malaysians about the significance of investing and the practical aspects of financial management from an early age.
"Our collaborative efforts with Bursa Malaysia at events like this and our outreach at universities are central to our mission to foster a financially literate society," said Mok. "By merging our technological expertise with educational programs, we are poised to make a significant impact on the economic well-being of the community."
Moomoo continues to lead the way in providing its users with real-time market data, innovative tools, and a user-friendly interface that empower informed investment decisions and strategic trading actions. The platform has quickly risen to prominence in the Malaysian market, reaching a milestone of 100,000 clients in just six weeks after launch and now boasting over 200,000 Malaysian users. As of 23 April 2024, moomoo is the no. 1 most downloaded financial app in Malaysia, demonstrating its rapidly growing influence and transformative impact on the local investment landscape.
For further insights and to explore the benefits of trading with moomoo, please visit www.moomoo.com/my.
About Moomoo Malaysia
Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo Malaysia") is a Capital Markets Services Licence (Licence No. eCMSL/A0397/2024) holder. Moomoo Malaysia is a cutting-edge digital investment platform designed to empower investors of all levels with professional-grade tools, in-depth market data, and expert insights. As a subsidiary of a Nasdaq-listed company and global partner of the NYSE and Nasdaq, Moomoo brings world-class financial technology to Malaysia.
Swiftly rising as Malaysia's No. 1 most downloaded financial app since its debut in February 2024, Moomoo builds upon its global success in the US, Singapore, Hong Kong, Australia, Japan and Canada. The platform's blend of innovative features and ease-of-use has earned it numerous accolades from Benzinga, Fintech Breakthrough and more, including 'Best Trading Technology', 'Best Investment Research Tech', and 'Best Trading Platform' awards. Moomoo is also recognised by the Securities Investors Association (Singapore) as the "Best Retail Broker" in Singapore. Moomoo is now the No. 1 most downloaded investment app (as of 31 December 2023) in Singapore with over one third of the local residents aged 20 to 70 as its users.
Dedicated to transforming the local investment scene, Moomoo Malaysia makes innovative trading tools and educational resources accessible to all investors, setting new standards in financial technology and reinforcing its position as the leading digital investment platform in the region. Find out more at https://www.moomoo.com/my
For media enquiries, please contact: sharmila@my.moomoo.com.
