Published: 2009/07/27
Malaysia’s stock exchange will shorten the halt for material company announcements to one hour from one trading session previously to increase trading opportunities, its operator said on Friday.The ruling will take effect on August 3 as Bursa Malaysia seeks to boost liquidity in the stock market.
“The rationale is that by prolonging trading halts may impede the efficient functioning of the market, deprive investors of the opportunity to trade during the halt state and to minimise market disruption,” Bursa Malaysia said on its website.Local media say that the stock exchange operator is expected to provide more details on Monday. – Reuters