Bursa Malaysia Suspends IDSS Trading for Genting Shares
Bursa Malaysia has announced a temporary suspension of Intraday Short Selling (IDSS) activities for Genting Berhad shares. This decision was made after the company's share price experienced a significant decline during this morning's trading session.
According to market data, Genting's share price fell by 30 sen or 15.97 percent to RM1.58 as of 11:26 a.m. This sharp decline triggered the market control mechanism established by Bursa Malaysia.
The suspension of IDSS activities is a standard measure taken by market authorities to ensure trading stability. With this measure in place, investors are not permitted to conduct intraday short selling for the counter until the next trading session begins.
Investors are advised to consistently monitor official announcements from Bursa Malaysia to obtain the latest information regarding the trading status of the shares. This step is intended to protect investor interests from extreme market volatility.