Don't Spread Rumours

According to a news report in the Malay Mail, the IGP said that people should not be influenced by rumours and sms by irresponsible parties about the supposed rising tension in certain States. He has assured that the police is in control of the situation. He warned that stern action will be taken against these mischief-makers who are attempting to create chaos.

The IGP added that the police are closely monitoring developments and urge those with information on people taking ad vantage (of the current temporary uncertainty) to flout the law to contact the police.

People got worried when share trading on Bursa Malaysia (the Malaysian Stock Exchange) was suspended for an hour as the market-wide circuit breaker was triggered at 2.58pm yesterday after the bourse fell about 10% to 1,166.32 points at mid-afternoon.

The circuit breaker is automatically triggered if share prices fluctuate wildly. It is similar to those implemented in many other stock exchanges worldwide, including New York and London.

Bursa Malaysia closed the day 123.11 points lower to 1,173.22. Analysts said investors were worried about the future of various projects currently being carried out in States now being controlled by the opposition.

Read the full story here.


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