Bursa Malaysia’s trading on halted
KUALA LUMPUR: Trading on Bursa Malaysia Securities was halted at 3:30 pm today due to a technical issue. “We are currently diagnosing the problem and will communicate with all our participants while we determine the cause and impact,” the exchange said in a statement today. It said it would notify all relevant parties as soon […]
SC, Bursa revise market management measures
KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia Bhd will revise temporarily the existing market management and control mechanisms to provide added stability and confidence in the marketplace. The revisions to the circuit breakers as well as static and dynamic price limits would be applicable for a six-month period from July 20, 2020 to […]
Pansar to contribute to Pan Borneo
KUCHING: Bursa Malaysia listed engineered solutions provider Pansar Berhad (‘Pansar’ or the ‘Group’) has announced that its wholly-owned subsidiary, Pansar Company Sdn Bhd (Pansar Company) had accepted two letters of appointment for a project related to the development and upgrading of the proposed Pan Borneo Highway in Sarawak. The total contract value of the projects […]
SC, Bursa Malaysia extend short-selling suspension to June 30
KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia Bhd have extended the temporary suspension of short-selling by another two months to June 30. The temporary suspension, which began on March 24, 2020, was initially targeted to end on April 30. “The extension of the temporary suspension will ensure that market management measures are still in place, to […]
Energy counter continues slide as oil volatility intensifies
KUALA LUMPUR: As Covid-19 brought oil consumption to a halt, leading countries in a race to find more space to store excess oil; the fight for market share between major producers, Saudi Arabia and Russia continue unabated causing the global oil price to dip further. On sectorial performance, the energy counters continue its volatility as 18 counters were down in […]
Foreign fund outflow doubles to RM889.62 mln this week
KUALA LUMPUR: Foreign investors continued to offload Malaysian equities in the April 20-23 period, with net sales almost doubling to RM889.62 million against RM456.09 million in April 13-16 as risk appetites were dampened by weak market sentiments following the slump in oil prices. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul said Monday proved to be a turbulent day as […]
Bursa to allow some corporate exercises electronically
KUALA LUMPUR: Bursa Malaysia Bhd has amended the Main and ACE Market Listing Requirements to provide securities holders with an option to subscribe for rights shares, exercise convertible securities and participate in a Dividend Reinvestment Scheme (DRS) electronically. In a statement yesterday, Bursa Malaysia said although the eCorporate exercise amendments will only take effect for any […]
AirAsia counters top picks after announcement
KUALA LUMPUR: AirAsia counters emerged as among the most active stocks on Bursa Malaysia today after the low-cost carrier announced it will resume its scheduled domestic flights, beginning with Malaysia on April 29, 2020. As at 3.31 pm, AirAsia Group Bhd rose 8.5 sen to 87 sen with 151.61 million shares changing hands, while its long-haul arm, AirAsia X […]
Abdul Wahid Omar is Bursa Malaysia’s non-executive chairman
KUALA LUMPUR: Bursa Malaysia Bhd has appointed Tan Sri Abdul Wahid Omar as its non-executive chairman effective May 1, 2020, succeeding Datuk Shireen Ann Zaharah Muhiudeen. In a statement yesterday, Bursa Malaysia said Abdul Wahid has extensive corporate experience, leading major organisations in the areas of infrastructure development, telecommunications, financial services and investment management. “He served as group […]
Bursa appoints Anad Krishnan as new non-executive director
KUALA LUMPUR: Bursa Malaysia Bhd has appointed Datuk M Anad Krishnan as its new non-executive director starting April 23. In an exchange filing yesterday, it said the appointment of Anad as Public Interest director of Bursa Malaysia by the Minister of Finance was pursuant to Section 10(1)(a) of the Capital Markets and Services Act 2007. The announcement […]
