Why My Order Rejected Before Closing?

Fiona has something to let you know:
Please avoid to place your order between 4.45p.m to 5.00p.m before the closing as this might rejected your order via online.



Suggestions: Try to place your order after 5.00p.m for tomorrow order or during the trading session.


For example,
The order for counter code KAWAN (7216) was rejected due to the order was entered during Last phase of trading
(4.50pm – 5.00pm) and it is not quoted with To/CP price. (Theoretical Opening / Closing Price). As for counter KAWAN TO/CP price was quoted at 0 (zero), all order will be rejected as screen below:

(Double click the image above to enlarge)

According to Bursa, the zero value in TO/CP. The TO/CP price for any counter will become zero (Nearing closing hours) when during 4.45pm to 4.50PM the buyers and sellers asking price is not met. This will result the TO/CP price for the counter becomes zero. TO/CP price will be only calculated 3 times daily.

1) Pre opening 2) Pre closing 3) lunch break


You can also read more details on the Theoretical Opening / Closing Price at the link below.
 
http://www.klse.com.my/website/bm/trading/bursa_trade/top.html
 
http://www.klse.com.my/website/bm/trading/downloads/example_top.pdf