"Shares traded on the stock exchange hit a feverish 7.67 billion shares yesterday after heavy churning the day before saw the volume of shares reaching 5.11 billion.
Active trading, especially among the penny stocks, saw the 10 most-active stocks on Bursa accounting for about half the traded volume of shares.
The selldown in selected penny stocks spooked sentiment, as the number of losers outpaced gainers at a ratio of three-to-one, but that did not deter the buying of blue chips"...read more
"Trading in shares on Bursa Malaysia continued its uptrend to hit a peak of 7.67 billion shares yesterday after recording 5.11 billion shares on Tuesday, suggesting a market correction "will not be too far away", according to industry players.
A fund manager who declined to be named said despite heightened trading in the local stock market off-late, he opined that it is not a healthy scenario that could lead to a correction in the market.
"Each time when the volume shoots up, the market will go down then," he told SunBiz.
The fund manager revealed that the fixation on small caps has led "a few" security houses to impose trading restriction on large margin trading of certain stocks.
"They (securities houses) cap the trading to avoid a counter becoming a designated security," he added."...read more