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Bursa AGM Shareholders raise questions on Bursa’s efficiency, “high” brokerage at 3-hr long AGM

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Bursa AGM Shareholders raise questions on Bursa’s efficiency, “high” brokerage at 3-hr long AGM Empty Bursa AGM Shareholders raise questions on Bursa’s efficiency, “high” brokerage at 3-hr long AGM

Post by Cals Thu 27 Mar 2014, 18:34

Bursa AGM Shareholders raise questions on Bursa’s efficiency, “high” brokerage at 3-hr long AGM
Business & Markets 2014
Written by Jeffery Tan of theedgemalaysia.com   
Thursday, 27 March 2014 14:23

KUALA LUMPUR (March 27): Bursa Malaysia Bhd’s annual general meeting today was longer than expected, with shareholder raising questions incessantly on the operational efficiency of the stock exchange and voicing dissatisfaction on various issues.

The management of the stock exchange left the meeting, which started at 10 am and ended at 1.20 pm, without talking to reporters.

But a shareholder told theedgemalaysia.com that many questions were raised at the meeting. One was that “Bursa is not quick enough in response to unusual market activity (UMA)”.

Another said: "The trading practices are not fair to investors. We want it to be simpler and fairer for all investors."

Shareholders were also unhappy about “high brokerage fee” to buy, sell and transfer shares.

More to come….
Cals
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