Source: CCTV News Client
On the 28th local time, Malaysia Securities Regulatory Commission and the Malaysian Stock Exchange announced that the ban on short selling activities will be extended to June 30.
Malaysian stock ban short selling activity began on March 24, 2020 and was originally scheduled to end on April 30.
In a joint statement, the two major institutions said that this is because the raging COVID-19 epidemic has made the global market unclear, which has led to the intensification of stock market volatility. One of the forward-looking measures taken by the two major institutions to alleviate potential risks.
statement pointed out that the extension of the short-selling activity ban is mainly to ensure that market management measures are still in place, to ensure that investors manage risks in the face of the intensification of the epidemic and uncertain market conditions, and to prevent any excessive speculation in the market.
statement pointed out that the suspension of short selling activities is still only a short-term measure, with the purpose of strengthening the stability and confidence of Malaysia's capital market.
statement also emphasized that the management department will continue to monitor the factors that influence the Malaysian securities market and timely evaluate whether existing measures are sufficient to maintain the orderly operation of the market. (Central Channel reporter Xu Quanle)
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