Say cheese!
Was that fun or was that fun?
The culprits?
Pick your poison.... in random order
Sime Darby
Petronas Dagangan
IJM
DIGI
MISC
KLK
IOI
TENAGA
PPB Group
HLFG
MHB
HL Bank
MISSED OUT....
PETGAS
AIRPORT
ps: see the volume..
ps: where's the calculator...
ps: did i miss out any stock?
ps: Wanna know more about flash crash? Click here: Flash Crash
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From the Edge Malaysia: KLCI plunges 70 pts due to trades keyed by broker
- An official from Bursa Malaysia Securities Bhd in an e-mailed statement confirmed that the drop of the index at 4.41pm on Friday was due to trades keyed in by the said broker.
Among the stocks that fell steeply before paring down losses were KLK, DiGi and PPB.
Err... is that all there is to say?
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This was on Business Times. ( Small piece -- it's like NOTHING happened.
- Bursa: Sharp fall due to broker deals
Published: 2011/10/22
KUALA LUMPUR: Malaysia's stock exchange operator, Bursa Malaysia Bhd said a sharp drop in the FTSE Bursa KLCI, its benchmark index, was due to trades keyed in on select index component stocks by a broker.
The KLCI dropped 4.8 per cent at 4:41pm to 1,371.92 points from 1,440.52 points before recovering 10 minutes later.
The benchmark index closed down 0.2 per cent for the day at 1,438.83 points.
Bursa did not say if the trades were made deliberately or by accident. - Reuter
Read more: Bursa: Sharp fall due to broker deals http://www.btimes.com.my/Current_News/BTIMES/articles/BURTA/Article/index_html#ixzz1bT5W6VQL
Here's Star Biz comments: KLCI down on cautious stance
Flash crash? What flash? ( I guess the flash must be really such a flash that they saw absolutely nuthin'! )
Posts
12 comments:
A lot of fat fingers ?
someone suppose to watch(guard)the index fall asleep on keyboard? and foreign seller see wowlaaa...
How is it possible for a broker to make keying in 12 errors in a minute? That worked out to 5 secounds per transaction. It is just bullsxxx.
Business Times only mentioned the following:
Bursa: Sharp fall due to broker deals
Published: 2011/10/22
KUALA LUMPUR: Malaysia's stock exchange operator, Bursa Malaysia Bhd said a sharp drop in the FTSE Bursa KLCI, its benchmark index, was due to trades keyed in on select index component stocks by a broker.
The KLCI dropped 4.8 per cent at 4:41pm to 1,371.92 points from 1,440.52 points before recovering 10 minutes later.
The benchmark index closed down 0.2 per cent for the day at 1,438.83 points.
Bursa did not say if the trades were made deliberately or by accident. - Reuter
http://www.btimes.com.my/Current_News/BTIMES/articles/BURTA/Article/index_html#ixzz1bT5W6VQL
Star Biz? Nothing happened.. flash was such a flash... it saw nothing... here's its market commentary! =>> KLCI down on cautious stance
Wood: I missed out Petgas.
That should make it 13 stocks!
Woods: Sorry, found another one. Airports!
That's 14 stocks!
!!!!
wtf is happening?
Hi Moo,
After using my 12-digit calculator to crunch the data that u'd been linked, here r the findings;
1)10 counters (SD, PetDag, IJM, Digi, MISC, KLK, IOI, TNB*, PPB, HLFG). TNB could be a distortion.
2)Timeline ~ from 04:40pm till 04:48pm, about 8 min duration.
3)During that interval 9,270,000 shares r been sold, while 10,790,000 shares r been bought before closing.
4) During that interval, total sales amounting to RM64,849,130.00, while total purchase amounting to RM87,370,550.00. A cold difference (profit) of RM22,521,420.00, holy moorah, just within 8min of finger tapping!
Now here r the conspiracies been implicated;
1)Who in the current market, mood & holding could move so many such heavy, bluer-than-blue chips? Foreigners? Locals?
2)Could a fat finger 'tripping' 10 diversely different counters within an interval of 8min? But then, cant short sell, even if u have an oily keyboard after a finger-licking meal!
3)Blame the computer trading software? Is there such trading mechanism been deployed locally to that extend & by whom?
4)What about if this is a form of money (fund) transferring exercise, to prepare for an on-coming event, where money means everything?
5)Iff (4) holds, then this is a mis-management of public fund (EPF????)to the nth order! A lesson of howto subsidy political parties???????
6)There r smart people in this play while the suckers r those fund contributors. Get yr money out, double quick!!!!! Any wonder why smart foreigners don't touch Bursa KL & keep pulling their money out?
c57k
CK: Very interesting point of view!
And kudos for making an effort to decipher the data.
ps: To the best of my knowledge and my live quotes, I saw 14 stocks. (I might miss out some too!)
According to a small article in this week's The Edge (page 10), the cause was a SELL order by Credit Suisse...
hehe.. small article?
So sell order by Credit Suisse? On 14 counters? All at one go?
Errr.....
cant bursa just check who bought the stocks? how the hell would they know a sell order would come in at those low prices?
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