SINGAPORE - The Singapore Exchange (SGX) announced on Thursday (Feb 5) that it will hold its first-ever carnival this weekend (Feb 6-8) as part of a campaign to educate new investors and encourage them to start investing.
SGX is also roling out digital initiatives including an interactive online tool, an SGX Mobile App as well as a weekly radio programme.
Targeted at NIBIs (Not Invested But Interested) aged 18 - 30 years old, the SGX My First Stock Carnival will take a hands-on, user-friendly approach to educate investors on how to get started on investing. SGX said that recent retail investment trends have shown that almost one-third of new retail CDP account holders are under the age of 25.
A Resource Centre will be set up at the carnival to provide information and tools for investing, and SGX staff will show participants how to select their first investment. Participants will be given a My First Stock Guidebook to help them learn about investing.
Six brokers will also be on hand to help investors open accounts and activate their first transaction, and share about their fee promotions to support smaller board lots.
One of the new SGX tools being launched is the SGX Investor Roadmap, an easy-to-use, interactive online tool designed to help new investors get started on their investment journey.
To give investors market information on the go, SGX will be launching its mobile app at the carnival. The app is available on both Google Android and Apple iOS platforms.
From March 3, SGX will also provide content for a weekly live radio programme on MediaCorp's 938LIVE called Dollars and Sense. SGX and other investment experts will discuss various aspects of investing and listeners can call in with their questions. Dollars and Sense will be broadcast every Tuesday from 12.30-1pm and be repeated on Saturday evenings from 8.30-9pm. Currently, SGX provides daily market updates on 938LIVE at 6.50am, 11.20am and 6.20pm.
Said Lynn Gaspar, SGX head of retail investors: "SGX My First Stock Carnival is an excellent opportunity for us to reach out to new investors and help them embark on their investment journey. The Investor Roadmap, guidebook and mobile app are useful tools for investors to select the most appropriate stocks for their investment objectives."
"Together with the recent reduction of board lot size, our existing company screener and information portal SGX StockFacts, and retail education efforts through over 300 seminars and courses run by SGX Academy each year, SGX continues to educate, engage and enable retail investors, and help them be financially confident."
