BURSA Malaysia Bhd and its subsidiaries will continue to operate as normal during the 14-day movement control order from March 18 to 31 as announced by Prime Minister Tan Sri Muhyiddin Yassin on March 16.
“Bursa Malaysia has in place the necessary infrastructure, rules and processes to safeguard and maintain a fair and orderly marketplace.
“The continuous operation of markets is critical to support the principles of an efficient market mechanism with minimal or no intervention,” the local bourse said in a statement on March 17.
It added that the tick rule will now be extended to intraday short-selling (IDSS) and permitted short-selling activities of the Investment Accounts (IVTs) and Market Makers to ensure consistency of market practice. The tick rule will also apply for the short-selling activities of the Proprietary Day Traders (PDTs). – March 17, 2020
