The effect of the union paper case on stock price and volume behaviour of Malaysian stocks

  • Heng, Chong Eng
  • Yiu, Lai Peck
  • Hoe, Peh Chern
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Publication date
January 1995

Abstract

Many of the major stock exchanges in the world permit regulated short selling, among them are the United States, Australia, and Hong Kong. At the time of our research, short selling is still illegal on the Malaysian stock market. The Union Paper Holdings Bhd case on the booming KLSE in June 1993 highlighted the issue of short selling whereby six people were convicted of short selling Union Paper's shares and KLSE had to conduct a massive buy-in of Union Paper's shares due to the large amount of short selling. The purpose of this project is to study the developments in the Union Paper's case and to examine whether perceived sh01t sales restrictions have any effects on the stock r...

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