ON Tuesday, Haris (not his real name), a 35-year-old architect in Malaysia, told some of his friends to consider buying into a little-known US-listed stock. His pick was GameStop, a loss-making brick-and-mortar video game retailer.
GameStop mania spreads to glove makers in Asia
GameStop mania spreads to glove makers in Asia
The moderators of the group Bursabets have defined it as the Malaysian version of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia.
Abhishek Vishnoi 30 January, 2021 11:38 am IST Text Size:
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Mumbai: The manic ride in GameStop Corp. sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and is already boasting more than 7,600 members. The moderators of the group have defined it as the “Malaysian version” of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. The discussions so far have centered on glove makers and calls to rally against institutional investors who have kept valuations of the s
Malaysian day traders hype up glove makers
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Online movement inspired by GameStop mania in US as retail investors flex muscle
published : 30 Jan 2021 at 14:32
3 A worker inspects gloves at a Top Glove factory in Shah Alam, Malaysia. (Reuters File Photo)
KUALA LUMPUR: The manic ride in GameStop Corp sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and already boasted more than 9,400 members as of Saturday afternoon. Its moderators have defined it as the “Malaysian version” of the WallStreetBets forum on Reddit, with a focus on stocks listed on Bursa Malaysia.
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.