KUALA LUMPUR: Bursa Malaysia had received a request to cancel trade or trades arising from a participant's error, which saw Kuala Lumpur Kepong Bhd shares done at RM17 on Friday.
"The Exchange will make a decision of the request and will communicate the decision to cancel the trade or otherwise to all in due course," it said in a statement.
Dealers said that more than 447,000 shares of KLK were sold at RM17, or 27.6% below Thursday's close of RM23.50, around 3.04pm, which they said could be a technical glitch.
At 3.04pm, the KLCI fell 14.17 points to 1,573.89 but managed to stage a mild recovery. KLK accounts for 2.43% of the 30-stock KLCI.
KLK closed four sen lower at RM23.46.
[Source]
Follow up 17 May 2012:
