Bursa Malaysia announced a shorter Trading Halt

Filed Under (Bursa Malaysia) by Webmaster on 28-07-2009

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Bursa Malaysia

The trading halt of stocks for the purpose of disseminating material announcements by listed companies will be shortened to one hour from one trading session currently.

The new one-hour trading halt rule would be effective from August 3.

Bursa Malaysia Bhd chief executive officer Datuk Yusli Mohamed Yusoff said in a press release Monday that this would benefit companies as disruption of trading would be kept to a minimal.

He added that the shortening of the halt period would “enhance market efficiency as trading interruption is kept to a minimum and both the issuer and investor will benefit from being able to trade with minimal interruptions”.

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