SIDC Module 6 Trading on Bursa Malaysia Securities question: board-lot buy order

SIDC Module 6Trading on Bursa Malaysia Securities

A share's Reference Price today is RM2.40 and it is not a first day of listing. What is the highest price at which the ATS will accept a board-lot buy order?

A RM2.59
B RM2.70
C RM3.12
D RM12.00

Show the answer and explanation

Answer: C. RM3.12

Under Rule 8.13(1), board-lot orders priced above the Upper Limit Price are not accepted by the ATS. For securities with a Reference Price of RM1.00 or more, the Trading Manual (para 4.4) sets the Upper Limit Price at 30% above the Reference Price, rounded down to the nearest bid: 2.40 x 1.30 = RM3.12. RM2.59 applies the 8% Dynamic Price Limit, which governs matching during the main trading phase, not order acceptance. RM2.70 adds the flat 30 sen band that applies only to securities priced below RM1.00. RM12.00 uses the 400% upper band that applies only on the first day of listing or quotation. Source: Rules of Bursa Malaysia Securities Rule 8.13(1); Participating Organisations' Trading Manual para 4.4 (as at October 2026).

Common mistake

Candidates mix up the static limit (order acceptance, 30%) with the dynamic limit (matching, 8%), or apply the sen-based band to a share above RM1.

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A dealer's representative wants to enter a new Regulated Short Selling order for an Approved Security. Which of the following entries are permitted?A Margin Account shows an Outstanding Balance of RM200,000, securities purchased and carried worth RM236,000 and cash collateral of RM20,000. The client has made no written request. What must the PO do?Two POs report a Direct Business Transaction of 80,000 shares at RM3.36. The shares' previous-day VWAP was RM4.00 and they are trading normally. What further obligation arises for the POs?

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Original study material mapped to the public SIDC Module 6 syllabus. Unofficial, not endorsed by SIDC or the SC. Verify figures and rules against current guidance before relying on them.