Guys, in recent GM ---> Authority to issue new ordinary shares pursuant to Section 75 and Section 76 of the Companies Act, 2016 and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. -- what is that means and how that gonna effect the price?
SC AND BURSA MALAYSIA EXTEND SHORT SELLING SUSPENSION UNTIL 31 DECEMBER 2020
26 June 2020 | Kuala Lumpur
The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) have decided to further extend the temporary suspension of short-selling to 31 December 2020. There will not be any change to the scope of the suspension, in that, it applies to Intraday Short Selling (IDSS) and Regulated Short Selling (RSS), as well as intraday short selling by Proprietary Day Traders. Permitted Short Selling (PSS) is not affected by the temporary suspension of short selling, as PSS is necessary for market makers to market make the relevant securities such as exchange traded funds efficiently.
The temporary suspension, which began on 24 March 2020 was extended on 28 April 2020, and is scheduled to expire on 30 June 2020. SECURITIES COMMISSION MALAYSIA BURSA MALAYSIA BERHAD
Brent August contracts will expire 30.06.2020 2000hrs GMT. From now till then, the price is reflecting closer to the physical price which is affected by the actual demand-supply-storage trigonometry
The price will likely go to 0.30 when oil prices reaches back to 50-55, most international news outlets are playing oil crash story may be due to strong countries are collecting the cache at low points for their reserves. Plants running, cars running, by the time planes running too high to enter already. Just my opinion
The market is currently being driven by news and uncertainty. Media channels are having their hay day by misguiding investors with COVID fear and etc. Nevertheless, it'll remain temporary. Oil price will spike up as demand for oil surges as more countries relieve their lockdown measures.
Agreed with Skygazer...... it is linked directly..... now last chance to get 0.23....... keep collecting between 0.225 and 0.23, once done collecting, sure shoot up like rocket...
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....
Chiara
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Posted by Chiara > 2020-06-25 11:37 | Report Abuse
Guys, in recent GM ---> Authority to issue new ordinary shares pursuant to Section 75 and Section 76 of the
Companies Act, 2016 and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. -- what is that means and how that gonna effect the price?