Why the share price suddenly shoot up ah? 🚀🚀🚀
Why the trading volume of that share surge yesterday?
Any significant news on that listed company? Got meh? 👀
These are all the questions popped up among investors community when such incidents arises. Therefore, Bursa Malaysia would like to come up with another measure to encourage informed investing.
Introduction of Trading Reminders
Bursa Malaysia Securities Berhad (“Bursa Malaysia” or the “Exchange”) is bolstering its investor safeguards with the introduction of Trading Reminders with immediate effect, a new tool highlighting listed companies that exhibit unusual trading activity.
A Trading Reminder is issued under the following circumstances:
- Bursa Malaysia Securities issues an unusual market activity (“UMA”) query to a public listed company (“PLC”) experiencing significant and unexplained price or volume movements to prompt public disclosure of information that could explain such trading activities;
- The PLC responds with a “negative confirmation”, stating that it is unaware of any corporate developments contributing to the UMA; and
- The share price and volume movements of that PLC remain volatile despite the PLC’s response.
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.
The purpose of the Trading Reminder is to alert and remind investors to consider and take into account all available information before making investment decisions when dealing in the identified securities in view of the circumstances. The Trading Reminder is published via a Listing Circular on Bursa Malaysia Securities’ website.
Bursa Malaysia also retains the option to issue Market Alerts and Designations, which caution investors on stocks susceptible to excessive speculation or manipulation. The Exchange also reiterates it will not hesitate to pursue enforcement action against recalcitrant brokers who disrupt market order.
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