KUALA LUMPUR (Feb 8): Bursa Malaysia had increased the upper limit price for NAIM INDAH CORPORATION BHD [], which had hit limit-up in the morning session, to 48.5 sen from 48 sen.
“The upper limit price of the following stock has been modified in order to open the reserved stock,” said the stock exchange.
Bursa Malaysia said this change was in accordance to its trading manual which stated that in opening a securities under “reserved” status, market operations would at times be required to change the upper or lower price limit of the securities up to two bids.
“This can happen when there is a limit order entered by POs at either the upper or the lower price limits with a market order," it said.
The share price had hit limit-up, surging 30 sen to 48 sen at midday.
At 4.40pm, it was up 30.5 sen to 48.5 sen with 266.28 million shares done.
“The upper limit price of the following stock has been modified in order to open the reserved stock,” said the stock exchange.
Bursa Malaysia said this change was in accordance to its trading manual which stated that in opening a securities under “reserved” status, market operations would at times be required to change the upper or lower price limit of the securities up to two bids.
“This can happen when there is a limit order entered by POs at either the upper or the lower price limits with a market order," it said.
The share price had hit limit-up, surging 30 sen to 48 sen at midday.
At 4.40pm, it was up 30.5 sen to 48.5 sen with 266.28 million shares done.
