Trading Sessions
source: URL BURSA MALAYSIA

Trading at Bursa Malaysia from Monday to Friday, except on public holidays and other market holidays (when the Exchange is declared closed by the Bursa Malaysia Committee).

EQUITIES MARKET TIMING (effective 26 October 2009)
Trading Phases Normal Market and Odd Lot Market
Pre-Opening 8:30 am
Opening and Continuous Trading 9:00 am
Closing 12:30 pm
Lunch
Pre-Opening 2:00 pm
Opening and Continuous Trading 2:30 pm
Pre-Closing 4:45 pm
Trading at Last 4:50 pm
Closing 5:00 pm


Pre-Opening

• Enter, modify or delete orders

• No order matching is done

• Theoretical Opening Price (TOP) based on orders entered is dynamically calculated, and the last TOP calculated before opening time is set as the natural opening price

• Order in order book is broadcasted

Opening and Continuous Trading

• Orders are matched real-time based on price-time priority

• Opening price and quantity of orders matched are broadcast

• After the Opening Auction, system automatically moves to continuous trading phase

• Matched Trades can be continuously viewed from any front-end system

• 5 best price limits are displayed

Closing Session

• The closing price will be the last know traded price

Pre-Opening

• Enter, modify or delete orders

• No order matching is done

• Theoretical opening Price (TOP) based on orders entered , is dynamically calculated and the last TOP calculated before opening time is set as the natural opening price

• Orders in order book is broadcasted

Opening and Continuous Trading

• Orders are matched based on price time priority

• Opening price and quantity of order matched are broadcast

• After the opening Auction, system automatically move to continuous trading phase

• Matched trades can be continuously viewed real-time from any front-end system

• 5 best price limits are displayed

Pre-Closing

• Starts immediately after end of continuous trading phase

• Orders are accepted and automatically updated in order book WITHOUT giving rise to trades

• Theoretical Closing Price (TCP) based on orders entered, is dynamically calculated

• Trading at Last

• Order can be entered and matched at last done price only

Closing Session

• Last opportunity to close position at a fixed price

• In the event of no TCP during the period, the closing price will be the last know traded price

Odd Lot Market

• The Odd Lot market refers to the trading of shares that are less than 100 shares of stock

• Partial matching is allowed

• Order are matched based on price time priority

• Price limit follow normal market

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