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KUALA LUMPUR (February 22): Shares worth RM55.5 million were short today, and volume leader Top Glove Corp Bhd represents 2.63 million shares, according to data compiled by Bursa Malaysia.
The rubber glove maker’s short shares were worth RM15.31 million, regulated short selling (RSS) data showed.
Velesto Energy Bhd ranked second with an RSS volume of 2.44 million shares valued at 422,871 yuan, followed by another manufacturer of rubber gloves, Supermax Corp Bhd, which shorted 1.31 million worth 7 , 24 million yuan.
Investors also shorted 712,200 shares of Hartalega Holdings Bhd worth RM 8.35 million, ranking it second in terms of value on today’s RSS list.
Bursa Malaysia’s three largest glove manufacturers accounted for more than half or 56% of the total RSS value of RM55.5 million.
Kossan Rubber Industries Bhd, on the other hand, only saw 6,000 shares shorted today worth RM23,580.
Last week, a total of 5.35 million Top Glove shares worth RM32.81 million were sold short, while Supermax saw 3.53 million shares worth RM21.02 million. RM short.
Hartalega saw 2.03 million worth RM25.26 million short over the same five-day period, while Kossan only saw 1.43 million worth RM5.77 million short.
On February 19, the top four manufacturers of rubber gloves topped the net short sales chart in Bursa Malaysia.
Top Glove’s net short position was 2.44% of the total net short position or 199.59 million shares. This was followed by 2.02% or 51.59 million shares of Kossan, 1.29% or 43.88 million shares of Hartalega and 0.99% or 26.67 million shares of Supermax.
RSS was suspended by Bursa Malaysia in March 2020, following the global defeat of equities to address market volatility at the time. He was reinstated on January 1 of this year.
The Malaysian Securities Commission and Bursa Malaysia Bhd today announced an extension of the temporary suspension of Intraday Short Selling (IDSS) and Intraday Short Selling by Owner Day Traders (PDT Short Sale) until 29 August.
The IDSS and PDT short sale suspension, which went into effect on March 24 of last year, would expire on February 28.
Read also:
Top Glove invests $ 59 million in latest share buyback
Temporary suspension of IDSS and PDT short sales extended until August 29
Selling pressure builds on glove stocks
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