Events
On 18 April 2005, Bursa Malaysia introduced CBRS, a scheme which allows all investors to access research reports of Bursa-listed companies free-of-charge.
In June 2006, a new index series jointly developed by Bursa Malaysia and FTSE Group was introduced which is FTSE Bursa Malaysia Index. On November 7, 2006, the index finally passed the 1,000 mark hurdle and closed at 1,003.28. It was partly boosted by the strong overnight close in the Wall Street.
On March 10, 2008, trading on the exchange was suspended for one hour due to composite index fall by more than 10 percent or 130 points to 1166.32 points. This was largely by combination of factors such as the United States Subprime mortgage crisis and the political uncertainty caused by the 12th General Election. Dealers expected the move was an overreaction to the election results and the market will correct itself. The index gained 2.1% the next day on the morning session as investor reinvest in plantation stocks and blue chips.
On July 3, 2008, trading on the exchange was suspended for the day when it suffered multiple hardware glitches. The glitches only affected the equities market, not the bonds and commodity market. Trading resumed the next day.
Read more about this topic: Bursa Malaysia
Famous quotes containing the word events:
“Custom, then, is the great guide of human life. It is that principle alone, which renders our experience useful to us, and makes us expect, for the future, a similar train of events with those which have appeared in the past.”
—David Hume (1711–1776)
“At all events there is in Brooklyn
something that makes me feel at home.”
—Marianne Moore (1887–1972)
“The great events of life often leave one unmoved; they pass out of consciousness, and, when one thinks of them, become unreal. Even the scarlet flowers of passion seem to grow in the same meadow as the poppies of oblivion.”
—Oscar Wilde (1854–1900)