the announcement to resume highspeed train project at 31 dec 2020 will boost property share sentiment.Bandar malaysia project to kick start after cny.again will boost property and contruction
Ban on restricted short-selling to be lifted on Jan 1, but intraday short selling remains prohibited until Feb 28
(theedgemarkets.com / December 16, 2020 19:17 pm +08)
KUALA LUMPUR (Dec 16): The suspension of restricted short-selling (RSS) on Bursa Malaysia is set to be lifted on Jan 1 next year, after the sanction was imposed by the regulators for nine months.
However, the regulator extended the ban on the intraday short-selling (IDSS) and intraday short-selling by proprietary day traders (PDT Short Sale) until Feb 28, 2021. Consequential to the extension of PDT Short Sale, temporary waivers in relation to PDT will also be extended to Feb 28, 2021.
To recap, the ban on short selling of equities was imposed by the Securities Commission Malaysia (SC) and Bursa Malaysia starting on March 24 this year when global markets were hammered by the equity rout. The move, said the regulators, was “part of their proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties.”
The suspension was initially targeted to end on April 30 but was extended for three times. At first it was targeted to end on June 30, but was extended till Dec 31, 2020 and it was further extended till Feb 28, 2021.
“The SC and Bursa Malaysia Bhd will lift the temporary suspension of Regulated Short Selling (RSS) and have reviewed other market management measures that were introduced this year following heightened market volatility arising from the broader impact of Covid-19.
“This decision was made after careful consideration of current market conditions and the evolving needs of the market,” according to the joint statement by SC and Bursa Malaysia.
It stated the move to lift the ban of RSS is to facilitate investors’ risk management and revive Securities Borrowing and Lending (SBL) activities, which is an integral capital market function to promote product development and market making activities.
Notwithstanding that, the RSS will be re-introduced with the following enhanced control measures to ensure stability and maintain investor confidence.
“The daily gross short position limit for approved securities will be temporarily reduced from 3% to 2%; and a new cap of 4% on RSS aggregated net short position will be introduced,” the statement showed.
Meanwhile, they said the temporary revisions to existing market management measures, namely the dynamic and static price limits as well as the circuit breaker, will be extended till May 30, 2021. These were implemented on July 20, 2020 and are due to expire on Jan 18, 2021.
Singapore-Johor RTS Link station in Woodlands to be 10 times the size of typical MRT station, says Land Transport Authority Saturday, 23 Jan 2021 08:10 AM MYT
Can someone tell me why the report say’ one off item write off ‘ while they still owning the battersea project? Domestically they seem to be doing fine.
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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....
thesteward
6,752 posts
Posted by thesteward > 2020-12-15 21:02 | Report Abuse
Nice