Bernama-UMS' Stock Lab Launched

Last update: 25/04/2014

KOTA KINABALU, April 25 (Bernama) -- Universiti Malaysia Sabah (UMS) and the Malaysian National News Agency (Bernama) today broke new ground by officially opening the Stock Lab at the university's Faculty of Business Economics and Accounting Friday.

This makes the university the first institution of higher learning in the country to introduce the teaching module on real-time stock market trading.

The ceremony was officiated by UMS vice-chancellor Prof Datuk Dr Mohd Harun Abdullah and witnessed by Bernama chairman Datuk Abdul Rahman Sulaiman and Bernama Systems and Solutions Advisor Sdn Bhd (BESSAR) chief executive officer Muniyati Muhammad and Business Economics and Accounting Faculty Dean Associate Prof Dr Rasid Mail.

Bernama provided 45 computer terminals equipped with sofeware from BESSAR, which is a subsidiary of Bernama, the 'Financial Information Sevices' (FIS) that contains instant information on stock market transactions in the Kuala Lumpur Stock Exchange (KLSE).

The software has a stock market simulator, an application that attempts to duplicate some or all features of a live stock market on a computer, allowing virtual stock trading where students can experience the real atmosphere of investment and build skills in stock investing.

The Stock Lab also has a public shares trading gallery that displays the price movements of all counters listed on the KLSE.

Abdul Rahman, said Bernama through BESSAR was ready to provide the software to any other institution of higher education which was interested in it.

"It is our hope to introduce this system to other universities who have trading courses related to investment and stock market but do not have this facility," he told Bernama after the ceremony.

"I wish UMS all the best in conjunction with its 20th anniversary and the stock laboratory will surely benefit students at the university," he said.

Dr Rasid said the laboratory would be a new avenue for the Business Economics and Accounting Faculty, which stands to gain extensively as a reference centre by re-branding as a 'Stock Trading and Gallery' at a cost of about RM1 million.

At the same event, Dr Mohd Harun also launched the Hotelier Laboratory known as HotelLab for students of the same faculty.