KUALA LUMPUR (Jan 9): Harvest Court Indsutries Bhd shares and warrants jumped in early trade on Monday after Bursa Malaysia Securities Bhd removed the trading curbs on the company’s securities with effect from Jan 9 – nearly eight weeks after they were imposed on Nov 16.
At 9.15am, Harvest gained 32 sen to RM1.40 with 3.28 million shares done, while its warrants rose 30 sen to RM1.12.
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 9.15am, Harvest gained 32 sen to RM1.40 with 3.28 million shares done, while its warrants rose 30 sen to RM1.12.
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.
