Chapter on Clob to close with little impact

THE Central Limit Order Book, known fondly or otherwise as Clob, will soon be put to rest. Scheme B of the Clob solution, implemented on Dec 31, marks the final denouement of a saga most will only be too happy to see buried for good. 

Under Scheme B, some 166 million shares, with a total value of RM293 million, would be released for trading on the Kuala Lumpur Stock Exchange (KLSE) on a weekly basis, over a nine-month period ending Sept 29, 2003.