Bursa: Trades 'valid and genuine'
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Bursa: Trades 'valid and genuine'
Published: Saturday June 22, 2013 MYT 12:00:00 AM
Updated: Saturday June 22, 2013 MYT 10:43:56 AM
Bursa: Trades 'valid and genuine'
BY CHOONG EN HAN
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PETALING JAYA: The seemingly unusual market activity that saw sharp price gyrations in several stocks in the final 10 minutes of trading yesterday was valid and genuine, according to Bursa Malaysia.
Six counters from mid-caps to big ones, namely, Hap Seng Plantations Holdings Bhd, Batu Kawan Bhd, TDM Bhd, CB Industrial Product Holding Bhd (CBIP), Coastal Contracts Bhdand Berjaya Sports Toto Bhd, hit limit-down, or a 30% plunge, with a combined trade of RM43.1mil in that short time window during pre-close.
While the trading pattern may seem like an “error in trading” could have taken place, a Bursa Malaysia representative when contacted by StarBizWeek clarified: “With regards to the eight stocks which hit their limits-up (two) and down (six), Bursa Malaysia has investigated the matter and has confirmed with the broker that the basket order, which was from their institutional client, was valid and genuine.”
In yesterday’s trade, Hap Seng shed 81 sen to RM1.89, Batu Kawan lost RM5.76 to RM13.46, TDM declined RM1.24 to RM2.90, CBIP decreased 82 sen to RM1.93, Coastal Contracts was down 62 sen to RM1.48, and Berjaya Sports Toto fell RM1.01 to RM3.20.
At the other end of the spectrum, JCY International Bhd gained 24 sen, or 36%, to 90 sen and Star Publications (M) Bhd shot up 85 sen, or 29%, to RM3.71.
In the broader market, the FBM KLCI shed 6.49 points, or 0.37%, to 1,755.85 points, with 306 gainers, 512 losers, and 267 counters unchanged.
Over 2.05 billion shares valued at RM3.78bil were traded.
Updated: Saturday June 22, 2013 MYT 10:43:56 AM
Bursa: Trades 'valid and genuine'
BY CHOONG EN HAN
[You must be registered and logged in to see this link.]
PETALING JAYA: The seemingly unusual market activity that saw sharp price gyrations in several stocks in the final 10 minutes of trading yesterday was valid and genuine, according to Bursa Malaysia.
Six counters from mid-caps to big ones, namely, Hap Seng Plantations Holdings Bhd, Batu Kawan Bhd, TDM Bhd, CB Industrial Product Holding Bhd (CBIP), Coastal Contracts Bhdand Berjaya Sports Toto Bhd, hit limit-down, or a 30% plunge, with a combined trade of RM43.1mil in that short time window during pre-close.
While the trading pattern may seem like an “error in trading” could have taken place, a Bursa Malaysia representative when contacted by StarBizWeek clarified: “With regards to the eight stocks which hit their limits-up (two) and down (six), Bursa Malaysia has investigated the matter and has confirmed with the broker that the basket order, which was from their institutional client, was valid and genuine.”
In yesterday’s trade, Hap Seng shed 81 sen to RM1.89, Batu Kawan lost RM5.76 to RM13.46, TDM declined RM1.24 to RM2.90, CBIP decreased 82 sen to RM1.93, Coastal Contracts was down 62 sen to RM1.48, and Berjaya Sports Toto fell RM1.01 to RM3.20.
At the other end of the spectrum, JCY International Bhd gained 24 sen, or 36%, to 90 sen and Star Publications (M) Bhd shot up 85 sen, or 29%, to RM3.71.
In the broader market, the FBM KLCI shed 6.49 points, or 0.37%, to 1,755.85 points, with 306 gainers, 512 losers, and 267 counters unchanged.
Over 2.05 billion shares valued at RM3.78bil were traded.
Cals- Administrator
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Join date : 2011-09-08
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: Bursa: Trades 'valid and genuine'
cant believe it was not an error..
JF- Senior Member
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Re: Bursa: Trades 'valid and genuine'
some say it was a big foreign fund.. some say its a local broker house
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Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: Bursa: Trades 'valid and genuine'
Untung sapa yg dpt jual harga extra tinggi ...dan beli harga extra rendah
peanut- Senior Member
- Posts : 3508 Credits : 3762 Reputation : 149
Join date : 2012-04-06
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