Short-selling on Bursa Malaysia suspended

  • Markets
  • Monday, 23 Mar 2020

KUALA LUMPUR: The Securities Commission and Bursa Malaysia have announced that short-selling has been suspended until April 30, 2020, to mitigate potential risks from the heightened volatility and global uncertainties.

In a joint statement, the regulators said the temporary suspension applies to intraday short selling (IDSS) and restricted short-selling (RSS) as well as intraday short-selling by proprietary day traders.

The suspension will not apply to permitted short-selling (PSS).

“We continue to observe trading activities in this exceptionally volatile global and market environment.

"We will assess the situation and consider the necessary additional precautionary measures, as appropriate, to support an orderly market,” said SC chairman Datuk Syed Zaid Albar.

“This remains a short-term measure that sets to provide stability and confidence. We remain committed to ensuring a conducive trading environment in our marketplace,” added Bursa Malaysia CEO Datuk Muhamad Umar Swift.

The SC and Bursa Malaysia reiterated the need for markets to remain open to ensure continued and reliable access to the Malaysian capital market, as it is vital for immediate and long-term market confidence.
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