PETALING JAYA: A combination of a warning from the regulators on the unsustainable trading activities on Bursa Malaysia, together with a weak performance of the US stock market, saw cautious trading at the local stock exchange. Of significance was the steep drop in trading volumes, which hit a high of 6.01 billion shares on Monday. Yesterday, the volume traded was 3.16 billion shares, lower than the 4.57 billion shares traded on Tuesday. Brokers cited a circular to brokerages that Bursa issued late on Tuesday as one of the reasons for the dip in trading on the exchange. “A volume of 6 billion shares in a single day is unsustainable and there was not enough liquidity in the market to keep trading volumes up.

Source: The Star March 22, 2017 23:26 UTC