However, effective 15 May 2006, the tick size and price limit for ABFMY1 will be revised as follows:-
- Minimum bid for ABFMY1
The minimum bid for ABFMY1 has been amended to a fixed tick size of 0.1 sen for all prices traded for ABFMY1. The minimum bid for other securities traded on Bursa Malaysia Securities (excluding ABFMY1) remain unchanged
- Upper Limit Price of ABFMY1
The Upper Limit Price of ABFMY1 has been amended to 300 bids equivalent to 30 sen above its Reference Price for each trading session.
- Lower Limit Price of ABFMY1
The Lower Limit Price of ABFMY1 has been amended to 300 bids equivalent to 30 sen below its Reference Price for each trading session.
The upper and lower price for other securities traded on Bursa Malaysia Securities (excluding ABFMY1) remain unchanged.
Chief Executive Officer of Bursa Malaysia Berhad, Yusli Mohamed Yusoff said the changes to the tick size and price limit of the ABFMY1 was to provide investors with greater flexibility in pricing their orders.
“We believe this change will further enhance liquidity of the bond ETF and encourage greater retail participation,” added Yusli.
