BURSA Malaysia will reverse all unauthorised trades carried out on April 24, 2025, which affected around 80 client accounts across a limited number of brokers, effectively restoring investors’ positions to what they were before the incident.
“Bursa Malaysia and the affected brokers have reached a consensus to manage the unauthorised trades, with the support of counter-party brokers. The key outcome results with the underlying principle that no investor with unauthorised trades shall incur losses arising from the incident,” the exchange said in a statement today.
The exchange reiterated that the unauthorised trades were “confined to a very limited number of brokers’ client online trading accounts.”
Bursa also confirmed the timeline for asset recovery.
“The affected securities and proceeds from the unauthorised trades, withheld since 27 April 2025 to facilitate the investigation, will be released following post trade actions on 20 May 2025.
“For the most part, the net effect of this process is the return of the affected securities and proceeds to the impacted investors, restoring their positions prior to the incident,” it said.
The breach came to light after unusual trading activity in Bina Puri Holdings Bhd warrants on April 24. The price of BPURI-WB doubled in just 15 minutes, with trading volume soaring past 41 million units. Bina Puri shares also jumped during the same window.
On April 27, Bursa confirmed that BPURI and BPURI-WB were the only two counters affected.
Both the warrant and the underlying shares declined sharply the following day.
Bursa said a thorough investigation is underway “to understand the root cause of the incident” and added, “Investor protection and market confidence remain paramount to the capital market.” —TMR
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