Malaysia has cautioned investors against participating in social media chatrooms that promote trading of certain stocks after online forums fuelled a surge in Malaysian glove makers, similar to the phenomenom seen in the United States in recent days.
Malaysia cautions investors over social media groups promoting stocks Jumat, 29 Januari 2021 / 21:55 WIB Sumber:
KONTAN.CO.ID -
KUALA LUMPUR. Malaysia has cautioned investors against participating in social media chatrooms that promote trading of certain stocks after online forums fuelled a surge in Malaysian glove makers, similar to the phenomenom seen in the United States in recent days.
Shares of Top Glove, the world s largest medical glove maker, rose 8.5% on Friday after a call by local retail investors to drive up its share prices and squeeze out short sellers.
In a Reddit forum, Malaysian investors said they were drawing inspiration from another Reddit forum called WallStreetBets that is believed to have fuelled a surge in U.S. company GameStop.