SC, Bursa to reinstate dynamic, static price limits


“The decision to reinstate the original parameters takes into account the improving economic outlook with the roll-out of the Covid-19 vaccination programme and normalisation of global market conditions,” the SC and Bursa said.

KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia will reinstate the market management and control mechanisms on May 31 as the economic outlook improves and global markets normalise.

The dynamic and static price limits for the 30-stock FBM KLCI stocks and the Bursa Malaysia circuit breaker trigger levels will be back to their original parameters, they said in a joint statement on Monday.

The temporary revisions to the market management and control mechanisms which have been in place since July 20,2020. They are scheduled to expire on 30 May 2021.

“The decision to reinstate the original parameters takes into account the improving economic outlook with the roll-out of the Covid-19 vaccination programme and normalisation of global market conditions, ” the statement said.

They said under the static price limit, the lower limit price reverts back to -30% from -15% for securities prices below or at RM1, and to -30 sen from -15 sen for securities prices more than RM1.

As for the dynamic price limit, the lower level reverts back to -8% from -5% for securities' prices more than or at RM1 and to -8 sen from -5 sen for securities prices less than RM1.

As for the temporary revision of the circuit breaker levels to two trigger levels (10% and 15% only), they will revert to three trigger levels (10%, 15% and 20%).

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Business News

Wall St week ahead: Fed meeting looms for stocks
After the pandemic, a wave of spending by older consumers
Out-of-control shipping costs fire up prices from coffee to toys
G7 leaders commit to raise climate finance contributions
G7 rivals China with grand infrastructure plan
FMM: RM200b stimulus plan needed for SME manufacturers
No trading for KLTM next week
CPO futures likely to experience technical correction next week
Essential economic contributors must be protected
Oil price hits multi-year highs in third weekly gain on demand recovery

Stories You'll Enjoy


Vouchers