CBH Engineering shares were removed from intraday short selling for the rest of Friday after Bursa Malaysia said the stock breached its permitted price limit. The trigger was a last traded price falling more than 15%, or 15 sen, from its reference price.
Why Did Bursa Suspend Intraday Short Selling on CBH Engineering?
Intraday short selling allows traders to sell shares and buy them back within the same trading day. Bursa suspends it for a stock once the last traded price moves beyond the permitted limit.
For CBH Engineering Holding Bhd, that threshold was crossed during Friday’s session.
How Far Did CBH Engineering Shares Fall?
- Share price: down 14 sen, or 17.07%, to 68 sen at 12.30pm
- Trading volume: 72.21 million shares traded by 12.30pm
- Implied reference price: 82 sen, based on the 14 sen drop to 68 sen
- Value impact: every 1,000 shares lost RM140 in value at the 14 sen decline
The 17.07% fall sits well above the 15% trigger. That gap is why the halt applied rather than a smaller pause.
When Does Intraday Short Selling Resume for CBH Engineering?
IDSS for CBH Engineering shares resumes on Monday, Nov 16, at 8.30am. The suspension covers only the rest of Friday.
Traders who want to understand the account setup needed for short selling can read the Trading Account Types in Malaysia guide.
What Does the IDSS Halt Mean for CBH Engineering Shareholders?
The halt removes one trading tactic from CBH Engineering shares until Monday. Shareholders still hold the same number of shares, and the price is now the number to track.
CBH Engineering is worth monitoring when IDSS returns, with the 68 sen level and the 72.21 million share volume as reference points. Investors may want to watch how volume compares with this session once trading resumes.
For a wider look at how screening tools handle stocks like this, see AI Stock Analysis for Malaysians.
Key Takeaways
- Bursa suspended IDSS of CBH Engineering Holding Bhd shares for the rest of Friday.
- The trigger was a last traded price falling more than 15%, or 15 sen, from the reference price.
- By 12.30pm, shares were down 14 sen, or 17.07%, at 68 sen, with 72.21 million shares traded.
- IDSS resumes on Monday, Nov 16, at 8.30am.
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Disclaimer: This article is for general information only and does not constitute investment advice or a recommendation to buy, sell or hold any security. Always do your own research and consult a licensed professional before making investment decisions.
Frequently Asked Questions
Why did Bursa Malaysia suspend short selling on CBH Engineering shares?
Bursa Malaysia suspended IDSS for the rest of Friday after CBH Engineering’s last traded price fell more than 15%, or 15 sen, from its reference price. The stock was at 68 sen by 12.30pm, down 17.07%.
When does intraday short selling resume for CBH Engineering?
IDSS for CBH Engineering Holding Bhd resumes on Monday, Nov 16, at 8.30am. The suspension applies only to the rest of Friday.
How much did CBH Engineering shares fall?
At 12.30pm, CBH Engineering shares dropped 14 sen, or 17.07%, to 68 sen. A total of 72.21 million shares had traded by then.
What is intraday short selling on Bursa Malaysia?
Intraday short selling lets traders sell shares and buy them back within the same trading day. Bursa suspends it for a stock when the last traded price breaches its permitted limit, as happened with CBH Engineering.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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