KUALA LUMPUR (Jan 10): HARVEST COURT INDUSTRIES BHD [] shares and warrants continued to rally on Tuesday, extending its gains from Jan 9 after Bursa Malaysia Securities Bhd removed the trading curbs on the company’s securities nearly eight weeks after they were imposed on Nov 16.
At 11am, Harvest gained 14 sen to RM1.55 with 11.7 million shares done, while its warrants rose 14 sen to RM1.28.
The stock exchange regulator said last Friday with the removal of the designated securities status on Harvest Court securities, they would be traded on a ready basis.
The delivery and settlement of contracts would be effected on a T+3 basis as provided under the rules of Bursa Malaysia.
However, the exchange said it would continue to monitor the trading activities of the shares and warrants and “where trading concerns are noted, the exchange may take appropriate regulatory actions”.
The exchange’s move last November to declare the securities as designated counters was the sternest warning to speculators who had chased up the stock. The trading curbs saw the securities falling sharply.
At 11am, Harvest gained 14 sen to RM1.55 with 11.7 million shares done, while its warrants rose 14 sen to RM1.28.
The stock exchange regulator said last Friday with the removal of the designated securities status on Harvest Court securities, they would be traded on a ready basis.
The delivery and settlement of contracts would be effected on a T+3 basis as provided under the rules of Bursa Malaysia.
However, the exchange said it would continue to monitor the trading activities of the shares and warrants and “where trading concerns are noted, the exchange may take appropriate regulatory actions”.
The exchange’s move last November to declare the securities as designated counters was the sternest warning to speculators who had chased up the stock. The trading curbs saw the securities falling sharply.
