SC, Bursa Malaysia suspend short-selling to June 30

They said the temporary suspension of short selling remains a short-term measure to provide stability and confidence in the Malaysian capital market.

KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia have extended the temporary suspension of short-selling from April 30 to June 30,2020, confirming the report by StarBiz.

“The extension of the temporary suspension will ensure that market management measures are still in place, to manage risks within the prevailing uncertain and challenging environment amid Covid-19 pandemic, as well as to mitigate any excessive speculative activities in the marketplace, ” they said in a joint statement on Tuesday.