KUALA LUMPUR (Dec 17): Intraday short-selling (IDSS) and intraday short-selling by proprietary day traders (PDT short sale) will resume on Jan 1, 2022 as the Securities Commission Malaysia (SC) and Bursa Malaysia Bhd will lift the temporary suspension as scheduled.
The two temporary suspensions are scheduled to expire on Dec 31, 2021, following two extensions from its initial expiry of Feb 28, later Aug 29, 2021. The temporary suspension was put in place in March 2020 in view of the global equity rout then.
“Consequently, the PDT temporary waivers related to PDT short sale will no longer be applicable,” the two entities said in a joint statement.
“Effective Jan 1, 2022, the IDSS and PDT short sale will resume with enhanced control measures to ensure stability and orderly trading.
“In addition to the current short selling limits, IDSS and PDT short sale orders must be entered in accordance with the ‘at-tick rule’.
“Under the automated application of the ‘at-tick rule’, short selling orders will be executed at the best current asking price or higher,” the statement said.
Meanwhile, PDT short sale will only be permitted on securities that are listed as Approved Securities in the Main Market (Day Trading Eligible Securities), and where PDT already has in place an agreement to borrow the Day Trading Eligible Securities, the statement added.
“The SC and Bursa Malaysia will continue to monitor domestic and global developments affecting the securities market, and take a proactive approach in implementing measures to support a fair and orderly market,” the statement said.
According to Bursa Malaysia’s website, there are currently 241 Approved Securities for PDT short selling with effect from Nov 29.
Some people lose money in share market till bankrup, they hope others people will play share till bankrup like them too. They not human anymore, they become devil.
Everyone chasing for a dream, when 6c, think it is cheap then buy, then 4c, still hoping it will rebound, now 2.5, already no direction, hoping for miracle as believe impossible still can drop....
This is the feeling last year....but now is much more worst than last year as now more shares issued out and the value already drop 1/10 due to share consolidation last year.....which means if last year is 0.025 = current year 0.0025 value....., this is the part where the so called new high 0.59 come from, as share consolidation 10 to 1, 0.025 = 0.25 then fly all the way to 0.59, then become now 0.025......
Why you guys always get cheat by good123?? He’s here since last year after takeover by syndicate. He everyday help syndicate promote only. Before share consolidation 5-6 cents he asking people to buy already, now after consolidate and drop to 2 cents, still reusing same promoting lines
Is this stock a share investing and why the share price looks like washing away money.. many people goes broke investing this stock .. any Daddy here can help ?
So far the closest example was in B***** forum.. There got discussion on a theory how someone could already exit their money via buying other co shares... Use company fund to inflate other co shares and let big individual to cash out with huge profit...Then they could flush all shares int the main company... Price could go for a complete reset... 0.005. Very hard to proof otherwise SC already catch these people.. That's why better avoid con like stock... --------------------- Is this stock a share investing and why the share price looks like washing away money.. many people goes broke investing this stock .. any Daddy here can help ?
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....
651158
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Posted by 651158 > 2021-12-17 21:04 | Report Abuse
Talking to much share also cannot up