Bursa Malaysia suspends IDSS for Kenanga Investment Bank


KUALA LUMPUR: Bursa Malaysia has suspended intraday short-selling (IDSS) for Kenanga Investment Bank Bhd for the remainder of the day after the stock breached its price limit.

In a filing today, the exchange said the suspension was triggered after the investment bank's share price fell by more than 15 per cent, or 15 sen, from the reference price.

It said the short-selling for Kenanga Investment Bank under IDSS will resume on Friday, Aug 30, at 8.30 am.

As of 2.30 pm, Kenanga Investment Bank’s shares had fallen 15.25 per cent to RM1.00 from the previous day’s close of RM1.18, with 1.25 million shares changing hands. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

LIAM, MTA, PIAM announce interim measures to cushion impact of recent premium repricing
Kawan Renergy reports record earnings for FY24
Bursa Malaysia records highest number of IPOs in 19 years with 55 listings in 2024
LKL secures RM24.55mil sales contract from UKM
Edelteq proposes to acquire remaining 30% stake in EVSB for RM132.5mil
Bank Negara introduces measures to ease rising insurance premiums for policyholders
JPG awards RM39.04mil contract to TLD for iSPOC project development
Public Bank prevents more than 1.12 mln customers from being victims of mule accounts
Bursa Malaysia slips deeper into the red, in line with regional downtrend
Oil falls on demand growth concerns, robust dollar

Others Also Read