Stock Market | FinancialContent Business Page financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.
AP Photo/Craig Ruttle
Investing and trading in stocks is all the rage these days. With countless new people entering the space once dominated by Wall Street, there are some rules governing the market that people might not know about. In recent weeks, we have witnessed unprecedented volatility in stocks like AMC and GameStop, which has led to trading halts. In this article, we will explain how stock trading halts and market circuit breakers work.
Speculation that Robinhood has halted trading in $AMC is not accurate. Earlier today, the NYSE implemented a volatility trading pause of $AMC. Learn more about these kinds of halts here: https://t.co/y7UJwFKGCd
hit limit down upon being requoted after two days of suspension as investors sold the stock on issues surrounding its past sales deals.
At the opening bell, the stock dived to RM1.13, down 30% or 48 sen.
Stocks linked to the engineering solutions provider for the oil and gas industry, namely, KPower Bhd and Sarawak Consolidated Industries Bhd
, were also lower by 13% and 19% to RM1.14 and 93.5 sen at the mid-day break.
Meanwhile, Reuters reported that the Securities Commission (SC) has commenced an investigation into Serba Dinamik after the company’s auditor flagged issues last week. The newswire said yesterday the regulator had secured documents and records from the company to assist its investigation.