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You will need to pay cash upfront to trade these stocks

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Publish date: Thu, 18 Jan 2024, 05:46 PM

KUALA LUMPUR (Jan 18): Brokers have demanded cash upfront for the purchase of several stocks, after their prices plunged recently.

These include stocks of Mercury Securities Bhd, Jentayu Sustainables Bhd and Artroniq Bhd, which hit their limit down this week. 

In a note to its client, an investment bank said that effective 2.30pm on Thursday, the cash-upfront requirement shall be imposed on any buy orders for the following stocks. The cash upfront applies to non-margin trading accounts. 

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The stocks are:

  • Artroniq Bhd and its warrants, Artroniq-WA
  • Mestron Holdings Bhd and its warrants, Mestron-WA
  • Leform Bhd
  • Mercury Securities Bhd
  • Jentayu Sustainables Bhd and its warrants, JSB-WB
  • APB Resources Bhd
  • Widad Group Bhd
  • Pertama Digital Bhd and its warrants, Pertama-CD
  • Tanco Holdings Bhd and its warrants, Tanco-CC and Tanco-WC
  • Globetronics Technology Bhd and its warrants, GTRONIC-C25, GTRONIC-C26, GTRONIC-C27, GTRONIC-C28, GTRONIC-C29, GTRONIC-C30
  • Dataprep Holdings Bhd
  • Silver Ridge Holdings Bhd.

“Orders placed including good-till-date (GTD) buy orders prior to 2:30pm, Jan 18, 2024, will not be affected. However, please ensure that all clients’ GTD buy orders of all the above-mentioned stocks are cancelled after end of day today, to comply with the cash-upfront requirements. All cancelled GTD buy orders must be informed to your clients accordingly,” it said. 

https://www.theedgemarkets.com/node/697849

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Be the first to like this. Showing 4 of 4 comments

calvintaneng

Run to safety of 🌴🌴🌴

2 months ago

ahbah

What so special about those stks, got to pay upfront ?
We all can buy better stks without paying upfront lah.

2 months ago

calvintaneng

Ahbah

Nothing special lah

They will lend money to gamblers when things are rosy. Now that things are ugly they stopped lending

Like they say
They want to lend you an umbrella when sun is out and weather is fine
But when it started raining heavily?
They will take away the umbrella from you

2 months ago

Carinacatira

Thank you for sharing this informative blog post.
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2 months ago

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