Tuesday, 07 Jul 2020 01:26 PM MYT
He said the decision was backed by the fact that the growing sign of recovery was at an early stage, both in the domestic and the global economic situation, while taking the cue from the International Monetary Fund which describes the period of the Covid-19 pandemic as a profound uncertainty. On June 26, the SC and Bursa Malaysia announced the temporary suspension of short-selling extension, saying there would not be any change to the scope of the suspension as it applies to Intraday Short Selling and Regulated Short Selling , as well as intraday short selling by Proprietary Day Traders.
On the impact of Covid-19 on the capital market’s digitalisation efforts, Syed Zain said it has somewhat forced companies and SC intermediaries to ramp up their digital strategies as well as consider technological solutions to ensure compliance with their legal and regulatory obligations.
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