Curbs on margin financing of certain stocks

PETALING JAYA: At least one brokerage in town has imposed restrictions on the financing of a handful of stocks with the view of taking prudent measures due to the unusually high trading volumes and rise in stock prices.

The firm, one of the largest standalone brokerages in the country, has circulated internally a document identifying three stocks that cannot be traded using margin facilities, and another three that would be subjected to price caps for margin financing.