KUALA LUMPUR: The Securities Commission Malaysia (SC) and Bursa Malaysia have come into the fray to reassure investors following a slew of limit downs in selected stocks since last week.
The two regulators said they are keeping a close watch on the current state of the market due to increased volatility in some stocks.
"The SC and Bursa Malaysia assure investors that the Malaysian stock market fundamentals remain strong and there should not be any cause for concern," they said in a joint statement yesterday.
They said that the recent significant decline in share prices is limited to a few small-cap stocks and not widespread.
The affected stocks constituted around 0.17 per cent of the total market capitalisation and 8.3 per cent of the total traded value for the year.
The SC and Bursa Malaysia advised investors to make informed investment decisions based on fundamentals and continue to refer to disclosures and announcements made by listed companies on www.bursamalaysia.com.
In addition, investors should also take note of companies replies to the Unusual Market Activity (UMA) queries issued by Bursa Malaysia.
"The SC and Bursa Malaysia conduct proactive surveillance of corporate transactions and disclosures, as well as real-time monitoring of all trading activities, to ensure an efficient, fair, and orderly market.
"Where irregularities are detected, the SC and Bursa Malaysia will not hesitate to take the necessary regulatory actions to preserve the integrity of the market."
https://www.nst.com.my/business/corporate/2024/01/1003165/sc-bursa-malaysia-come-fray-reassure-investors-selected-stocks
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
Created by savemalaysia | Sep 12, 2024
bullshit double standard IDSS then sudden change to cash upfront for certain crony selectively causing trust deficit. law must be standard, abolish hantu IDSS exclusively for brokers only burning ikan bilis hard earned money. this is even worse than capital gain tax on shares
2024-01-19 14:57
PN17 suspension or classification or delisting also ikut suka suka. sack all bullshit directors.... many Cap Ayam PN17 still listed to CON innocent grandpa grand ma coffin money-crony ma
2024-01-19 15:01
Surely SC must do a thorough and in depth investigation into YNH. Highly probable can charge those responsible and secure conviction under Bursa Listing Rules and Regulation, perhaps charge them for CBT by Agent under Sec 409 Penal Code.
2024-01-19 15:03
don't simply let small companies go for listing la. Some are so financial stricken. They only cooked up the book just for IPO..
2024-01-19 15:05
harapkan pagar, pagar makan padi. change the goalpost instead. this is crazy from bullshit
2024-01-19 15:05
now, market crash baru nak UMA kah? wayang? UMA should before price over speculated right?
2024-01-19 15:08
arv18
its too late to reassure. the damage has been done. SC and Bursa have no reputation to speak of anyway.
2024-01-19 13:31