frequently asked questions

Q: What is Novi?

A: Novi is a virtual stock trading simulator that provides a platform for first-time and beginner investors to gain practical stock investing experience without the need for real money.

Q: What is the purpose of Novi?

A: To enhance the stock investment skill and knowledge, create awareness about the responsibilities of a stock investor, enhance analytical and decision-making skills, provide an opportunity to learn knowledge that is not covered in academic courses and help beginners that are interested in stock trading to get a better insight.

Q: How does Novi work?

A: Novi runs as a virtual stock trading competition every season and is 100% online.

Q: How long is a season?

A: Unless otherwise indicated, every season typically begins on the first day of the month and ends on the last day of the month (i.e. one calendar month).

Q: Is there any real money in the virtual stock trading competition?

A: No. All transactions executed by the participants will only involve virtual money.

Q: Who can participate in the virtual stock trading competition?

A: Any Malaysians aged 18 years old and above can participate in the virtual stock trading competition.

Q: Is Novi free to use?

A: Yes, all you need to do is just sign up for an account, verify your email, log in and Novi is ready for you to use! You can start trading stocks during official trading hours and build your own virtual investment portfolio.

Q: What are the official trading hours?

A: The official trading hours follow the trading sessions set by Bursa Malaysia. Mondays to Fridays, with the morning session from 9am to 12.30pm and the afternoon session from 2.30pm to 5pm.

Q: How much is the initial virtual capital given to me?

A: RM 10,000. Participants can also obtain additional virtual capital by referring their friends to Novi (i.e., RM 1,000 for each person) and/or completing in-game tasks (various amounts up to RM 500).

Q: Are there prizes to be won for every competition season?

A: Yes! There will be prizes for top performing investors at the end of each season.

Q: How are the top performing investors determined?

A: The top performing investors are determined based on their total realised gains. The live leaderboard in Novi displays the name of participants with a Golden Ticket, ranked from highest to lowest in terms of total realised gains. Participants without a Golden Ticket are shown an approximation of their current ranking (e.g., top 25%, top 50%) but not their exact ranking on the leaderboard. It is important to note that unrealised gains are not considered in the calculation of participant rankings.

Q: What is realised gain and unrealised gain?

A: The realised gain (or loss) means the profit (or loss) for those stocks that you have already sold. For example, if you have bought 1,000 shares of stock A yesterday at the price of RM 1, and you sold 500 shares today at the price of RM 2, your realised gain is = (500 x RM 2) – (500 x RM 1) = RM 500.

Unrealized gain (or loss) is another way to say paper gain (or loss). These are the gains (or losses) for those stocks that you have not sold. For example, you have bought 1,000 shares of stock A yesterday at the price of RM 1 but decided to not to sell any of stock A today. The current share price of stock A today is RM 3. Your unrealised gain is = (1,000 x RM 3) – (1,000 x RM 1) = RM 2,000.

Q: Is it free to enter to the virtual stock trading competition?

A: Yes, there is no fee required to build your virtual investment portfolio and compete with others. When you register for a Novi account, you are automatically entered into the current season of virtual stock trading competition. However, only participants with a Golden Ticket are eligible to win prizes.

Q: What is a Golden Ticket?

A: A Golden Ticket allows the participant to (1) be eligible for competition prizes, (2) know his/her exact ranking on the leaderboard and (3) qualify for extra rewards during the competition.

Q: How do I get the Golden Ticket?

A: Easy, just refer 5 friends to sign up for a Novi account and you can claim the Golden Ticket for free! Otherwise, you can also choose to purchase the Golden Ticket for RM 30.

Q: Can I participate if I have zero knowledge about the stock market?

A: Yes, one of the objectives of Novi is to provide a platform for first-time and beginner investors to have a practical experience of investing in the local stock market and gain more skills in investment.

Q: Is there any registration deadline for the virtual stock trading competition?

A: No.

Q: Can I carry forward my virtual stock investments over to the next season?

A: At this point in time, no. All of your open positions will be closed automatically at the end of each season. However, we will consider implementing carry forward as a feature in the future. Stay tuned.

Q: Is there a limit to the number of units that I can own for any one stock?

A: Yes, the following limits apply:

Stock price RM0.10 to RM0.50 -> max. 5,000 units

Stock price RM0.505 to RM0.995 -> max. 20,000 units

Stock price RM1.00 to RM9.99 -> max. 50,000 units

Stock price above RM10.00 -> unlimited units

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