Bursa Malaysia introduces trading reminders in addition to UMA queries

Publish date: Mon, 20 May 2024, 10:10 PM

KUALA LUMPUR: Bursa Malaysia is introducing trading reminders with immediate effect, a new tool highlighting listed companies that exhibit unusual trading activity.

Bursa Malaysia said in a statement today that trading reminders issued would be in addition to the unusual market activity (UMA) queries by the exchange that prompt public disclosure from public listed companies (PLCs) experiencing significant, unexplained price or volume movements.

"Bursa Malaysia has observed instances where share prices and volumes remain volatile despite PLCs responding that there were no new developments in their UMA response.

"Hence, the trading reminder flag aims to alert investors to exercise caution when encountering a stock displaying persistent unusual price and/or volume movements after the listed company's UMA response," it said

Bursa Malaysia added that the initiative complements its existing multi-pronged approach to market regulation.

It also retains the option to issue market alerts and designations, which caution investors on stocks susceptible to excessive speculation or manipulation.

The exchange reiterates it will not hesitate to pursue enforcement action against recalcitrant brokers who disrupt market order.


Labels: BURSA

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Does this apply to GLC companies?

3 weeks ago

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