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Holiday trading a possibility

The Star Business LogoThe Star Business1w ago

Holiday trading a possibility

Quick Summary

Although there was no clear explanation in the email about the rationale behind these proposed amendments, most industry experts believe the proposal to operate on a public holiday is for sudden public holidays announced by the government rather than the usual public holidays.

However, most industry players contacted viewed the proposal negatively due to concerns about trading liquidity and the cost involved in getting staff to work on public holidays would be higher.

Echoeing similar views, Minority Shareholders Watchdog Group (MSWG) chief executive officer Devanesan Evanson said fixed deliveries and settlements provide certainty to the capital markets and views the impact on the industry of this proposal to be positive.“The capital markets operate on the certainty and timeliness of these rules.


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Article Details

Author / Journalist: ZUNAIRA SAIEED

Category: Economy

Topics: Devanesan Evanson Holiday Minority Shareholders Watchdog Group Bursa Trading MSWG /Business/Business News Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 7 minutes read

Article Length: 1082 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6515

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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