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Intraday short selling measures claims first victim – Unisem


Unisem, which plunged 18%, the biggest drop since the company’s initial public offering in 1998, saw its proprietary day traders (PDT) and IDSS activities suspended for the rest of yesterday.  Bursa Malaysia said in a statement that this was because its last done price had dropped by more than 15 sen or 15% from the reference price.

Unisem, which plunged 18%, the biggest drop since the company’s initial public offering in 1998, saw its proprietary day traders (PDT) and IDSS activities suspended for the rest of yesterday. Bursa Malaysia said in a statement that this was because its last done price had dropped by more than 15 sen or 15% from the reference price.

PETALING JAYA: It looks like the intraday short selling (IDSS) measures introduced by Bursa Malaysia earlier this month couldn’t have come at a better time – when markets are being hammered and election uncertainties abound.

Yesterday, IDSS claimed its first victim – Unisem (M) Bhd .

Corporate News , Unisem , IDSS , short

   

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