Bursa CEO: Market Remains Stable After 16 Stock Sell-Off

Bursa Malaysia CEO Assures Market Orderliness Despite Stock Sell-Down

The CEO of Bursa Malaysia Bhd, Datuk Muhamad Umar Swift, has stated that the Malaysian stock market remains orderly despite a recent sell-down of 16 stocks. The sell-down was triggered by shareholders’ inability to meet margin calls. Muhamad Umar Swift said that the stock exchange operator has taken necessary measures to ensure the market operates smoothly during this period of volatility. The affected stocks represent just 0.18% of the total market, and their sell-offs do not pose a systemic threat.