Markets to remain open

Socio-economic Research Centre executive director Lee Heng Guie told StarBiz any suspension of the stock market would cause a real damage to investment in Bursa in the short-and long-run.

PETALING JAYA: The Securities Commission (SC), Bursa Malaysia and the Malaysian Association of Asset Managers (MAAM) have come out strongly against a proposal by the Association of Stockbroking Companies of Malaysia (ASCM) to suspend trading of stocks on the Bursa Malaysia.

The SC and Bursa Malaysia in a joint statement said it is important for the markets to remain open, as closing the markets would neither mitigate nor address the underlying causes of market volatility. The regulators said they will maintain continuous trading and market operation, to facilitate investors to manage their risks and opportunities during this period.