Making an Order

An order refers to a specific instruction given by an investor to buy or sell a specific number of shares, at a desired maximum or minimum price.

Orders are then placed on an Order Book, where they will be auto-matched if a corresponding buy or sell order is placed by another investor. Otherwise, they will be placed in an order queue.

Last Trade Price: The most recent price at which the share was traded at

Price Change %: Share price difference since the first listing

Indicative Share Price: An Indicative Share Price that was determined at the start of the listing. It is determined by various factors. Its purpose is simply as a ’best effort’ guide of a share price before listing. It is not an explicit directive to deal at that price. The basis for this indication is explained on the respective Issuer's Share Information page.

Prerequisites for creating an order

• A registered account that has completed e-Verification
• Sufficient balance in your PSTX Account if making a buy order

Steps to create an order

1. Visit the PSTX listing page and click on an available share
2. On the share information page, click “Trade”. Orders can be placed from Tuesday at 10:00 a.m. until Thursday at 5:00 p.m.
3. Select “Buy” or “Sell”
4. Enter the quantity of shares
5. Click “Preview Order” and ensure the details are correct
6. After entering your password and clicking “Buy Now” or "Sell Now" your order will be created
7. Any unmatched or partially matched orders will remain on the Order Book until they reach their expiry date (up to 4 trading weeks) or you cancel them. Orders expire on Friday at 10:00 p.m. (GMT +8).

Each counter has an indicative share price, based on the company’s latest valuation. It could be based on the last ECF campaign, other fundraising events, or an updated valuation report (refer to the Share Information page). You can use this price as a guide to set your buy or sell price but are not obligated to set it at this price.

pitchIN also displays any announcements from the issuer that could affect the share price, along with audited financials and other information related to the business.

You are encouraged to perform your own due diligence on the companies before making any buy or sell decisions when using the PSTX.

Note: Shares priced below RM50.00 can be traded in increments of RM0.01. For buy or sell prices of RM50.00 per share or above, you will be prompted to make increments or decrements of RM0.50 from the last traded price.

PSTX operates on a “cash-upfront” basis, whereby, as an Investor, you will be required to top up sufficient amounts of Malaysian Ringgit (RM) to your PSTX Account to fulfill the intended buying trade (including trading fee).

Conversely, if you are a Seller, you can only place sell orders up to the volume of shares that you own. Proceeds from your sale will be transferred to your PSTX Account once the order is confirmed and finalised, from which you can subsequently withdraw the amount.

Below is the list of order statuses you may see on the My Orders page.

Opened: Buy or sell order that is live on the Order Book and pending a match.

Partially Matched: Buy and sell orders that have matched on price but not quantity and only a fraction of the total quantity has been traded. The remaining unmatched quantity is still open for matches until the Order Book reset takes place when all unmatched orders will expire.

Matched: Buy and sell orders that have been fulfilled, in terms of price and quantity. The share ownership is then transferred from the Seller to the Buyer, and this change will be reflected on the Portfolio page.

Partially Executed: Buy and sell orders that have been partially matched and have expired. Any unmatched quantity is no longer in the Order Book. The matched quantity will be reflected on the Portfolio page.

Expired

Buy or sell order that remains open past the Order Book reset and is no longer valid for future matches.

Cancelled

Buy or sell order that is cancelled by the Investor.

Rejected

Buy or sell order that has not been placed on the Order Book. This could happen for multiple reasons including an incorrect password entered, and an invalid quantity set.

Suspended

Buy or sell order that has not been placed on the Order Book, pending review. This could be due to multiple reasons including orders placed during an exceptional market event, flagged by the system for review, or found to breach PSTX rules and policies.