Greedy investors may manipulate Bursabets to disrupt trading, says stock market watchdog | Malay Mail

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Greedy investors may manipulate Bursabets to disrupt trading, says stock market watchdog

Saturday, 30 Jan 2021 02:48 PM MYTTop Glove’s share price gained 40 sen or a 7 per cent surge as of noon yesterday, just hours after news emerged that retail investors are behind a drive to prop up the stocks of the world’s largest medical glove maker. — Bernama pic

“There is a risk that the party... may actually be unloading their share prices at the higher price.” “Pump-and-dump exercises are common. These exercises are usually thematic,” private equity investor Ian Yoong was quoted as saying. “There are indeed good advisers but they are rare. Ask yourself why would good investors give advice rather than invest themselves?” he was quoted as saying.

 

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