Lim's Blog

Bursa suspends Prestariang's regulated and intraday short selling

Publish date: Fri, 08 Mar 2019, 11:38 AM

KUALA LUMPUR (March 7): Bursa Malaysia said regulated and intraday short selling, and proprietary day trading (PDT) of Prestariang Bhd securities have been suspended today as the daily short selling trade limit has reached 3% of issued shares of the information, communications and technology company.

"The RSS (regulated short selling), IDSS (intraday short selling) and PDT activities will only be enabled the following trading day, Friday, March 8, 2019, 8:30am," Bursa said today in a special announcement on its website.

Today, Prestariang shares closed up 10 sen at 54 sen with some 222 million units traded. Prestariang was Bursa Malaysia's most-active stock.

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