Kenanga Investment Bank completed its third season of the KenTrade Trading Challenge today at the Bursa Malaysia Listing Gallery.
40-year-old Mohd Fairi bin Che Wanik, after weeks of tough competition, battled the Challenge against more than 25,000 competitors and emerged as the Grand Challenge winner. He walked away with the Grand Prize of RM50,000 cash and a trip for two to Hokkaido, Japan. In its final round, 10 participants from The Virtual Challenge with the highest portfolio value traded live with a total of RM100,000,000 cash, provided by Kenanga Investment Bank.
Datuk Chay Wai Leong, Kenanga Investment Bank Group Managing Director said, “We are pleased that KenTrade Trading Challenge is entering the Malaysia Book of Records as the ‘First Live Stock Trading Challenge in Malaysia’. We upped the ante of our original virtual Challenge with this unique “live” segment, which provides participants the exciting experience of trading in a real live environment with cash provided by us. We hope this helps to further dispel the misconception that trading is complicated.”
Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia Berhad said, “The Kentrade Trading Challenge provides a very good platform and starting point for novice and potential investors to learn the intricacies of investing. I believe the Challenge has helped to demystify stock trading among young investors. I hope that participants will continue the knowledge acquisition and journey on to becoming an investor on Bursa Malaysia.”
The first runner-up, Teng Le Woi, was presented with RM18,000 cash and a pair of AirAsia ASEAN passes while second runner-up Caryn Choo Jian Yan received RM10,000 cash and a pair of AirAsia ASEAN passes. The fourth and fifth place winners took home RM3,000 and RM2,000 each, respectively.
In addition to Bursa Malaysia, KenTrade Trading Challenge III was also supported by AirAsia X, Atlan Holdings Bhd, Zon Duty Free and Duty Free International Limited.
KenTrade by Kenanga Investment Bank is a trading portal for clients to buy and sell equity shares online. The portal enables users to make informed investment decisions for online trading through customised viewing based on preference, fundamental financial data, charting tools, account management, market data and also research reports.