Freezing of Upper Limit for NOTION (0083), NOTION-WC (0083WC), HLT (0188), HLT-WA (0188WA) & ESCERAM (0100) - 5 August 2020 Please be informed that the Upper Limit Price of the following counters will be maintained as below in accordance to the Rules of Bursa Malaysia Securities, Chapter 8.13 (5) TRADING and Trading Manual Chapter 4, Reference Price And Price Limits (4.3) Freezing of Price, due to the counter trading at Static Limit Up prices for two (2) consecutive trading days:
Stock Short Name/Code Upper limit
1. NOTION (0083) RM 1.44
2. NOTION-WC (0083WC) RM 1.12
3. HLT (0188) RM 2.45
4. HLT-WA (0188WA) RM 1.72
5. ESCERAM (0100) RM 1.40
We checked with Bursa officer this evening, the freeze is applicable for 5 August 2020 only 1 day.
After which it will be traded normally from Thursday 6 Aug 2020
Freezing of Price "Where an Upper Limit Price or Lower Limit Price is reached on a market day and is followed by another Upper Limit Price or Lower Limit Price, as the case may be on the next market day, the Exchange may maintain the trading price at the Last Done Price of the previous market day (“the said Last Done Price”) for such period as specified by the Exchange." Item 5.4, Chapter 5 of Bursa Trading Manual 04/08/2020 9:50 PM
Does that mean only one price ????? @ 1.44 which is the last done price to buy or sell??????
I thought freeze means price cannot go up above 1.44 but if a lot will sell, price can still go down. You can still sell and buy at any price below 1.44. Highest price capped at 1.44. Correct me if I’m wrong.
It means tomorrow it is not one price frozen at RM1.44 but freely traded at any buy sell price as long as the transaction DOES NOT exceed RM1.44 just for tomorrow. You can buy and sell say at RM1.40, 1.35. 1.21 and so on.
Some of u may recall dhpharma hit limit up .Next day,mr.Jk came out to say sth that was enough to calm the heat.this counter is glc so it can be controlled by government statements...
Thanks 888next... may I know hows the progress of the mask that notion produce? Have you managed to secure buyer, I guess all are from overseas buyer? what is the projected profit for face mask it self? Thanks
I think many caught unawared for any stock that ceiling up 2 days consecutively, the third day price wud be cap at 1.44 with reference to notion ceiling price , meaning to say for those who bought at the 2days ceiling closing price wud be at more risks at losing rather than profitting since if they are awared of it they can buy cheaper anytime by 2morrow .
However,i bet many may not understand freezing and start to panic selling which these people are hoping for to buy cheap..... those who are panic selling will surely regret..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
joyvest
10,424 posts
Posted by joyvest > 2020-08-04 21:56 | Report Abuse
The question is how long can the price be maintained?