Stock Market & money related sharing

Short selling, are you ready for it? On last April 2018, Bursa came out guild line for Intra Day Short Sell (IDSS). Technically, short selling is the sales of stock not own by seller. So, in the first place, the seller need to borrow the stock first. However, in term of Intra Day Short Sell, the seller can sell the stock in the morning (though he not yet borrow the stock) and close the position (buy back) before market close (in Cimb's case, buy back must be done before 3:00pm). Since the seller close the position on the same day (Intra Day), there's no need to borrow the stock. If the investor fail to close the position on same day, due to whatever reason (normally due to stock suspend from trading during the day), he may deem as non compliance with the rules and here come with all types of charges (including borrowing fee), higher brokerage and penalty (including suspension of IDSS for the client). In fact IDSS is mean for experience investors . Basically, investor

Today, 27 Aug 2018) mark as first day for Cimb to introduce IDSS (same day sort sell), though  Bursa already open it for other broker few months ago. What is short selling? Short selling means you sell something which you not yet have. What is IDSS? IDSS is intra day short selling, meaning you can short sell a list of stocks (provide by Bursa short sell list, currently about 280 stocks) approved by Bursa within a day and you need to close the position before market close (for Cimb, investor must close position before 3:30pm same day). Whats happen if you fail to closed your short position within the day? If this happen, you may need to borrow shares from the license shares lender, the confirmation must be done on 5pm. (must be done within 1 hours before 6pm). This will involve borrow cost and charges and subject to availability of stocks from your existing broker or other broker. Another option is the Dealer will perform buy in on next market day with penalty of 10 tick abov