Curbs on margin financing of certain stocks


PETALING JAYA: At least one brokerage in town has imposed restrictions on the financing of a handful of stocks with the view of taking prudent measures due to the unusually high trading volumes and rise in stock prices.

The firm, one of the largest standalone brokerages in the country, has circulated internally a document identifying three stocks that cannot be traded using margin facilities, and another three that would be subjected to price caps for margin financing.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , brokerages

   

Next In Business News

Bright Meadow to acquire 59.88% stake in Mercury Industries for RM34.65mil
Johor Corp gets RM30.99mil integrated sustainable palm oil complex job
Ringgit slips against US dollar at the close
Master Tec 3Q revenue hits record high, declares 0.18 sen dividend
Nestcon bags RM31.6mil civil works contract
AWC bags RM48.57mil facilities management contract
Perak Transit explores new growth avenues
Blue chips push FBM KLCI past 1,600
Swift Energy inks underwriting agreement
Country Garden submits offshore debt restructuring plan to creditors, sources say

Others Also Read