MOMENTIFY MCX: BLOCKED
-
Dear Definedge Team
Why MCX is still showing as BLOCKED in Momentify holding page when all the activities pertaining to the SPLIT already been completed in the last week?
-
yes this is a question I have as well. my momentify portfolio also holds MCX and it shows up as blocked, however the stock action (Split) has already been completed.
If I sell it manually via zone, I would be able to - I'd done this a few months ago with another similar situaiton.
So why does Momentify still show it as "Blocked"? -
Dear Sir,
Stocks undergoing corporate actions like split or bonus are temporarily blocked in Momentify for T+2 days from the record date.
MCX had its split record date on 2 January. Since 3 and 4 January were weekends, the T+2 period ended on 6 January, and the scrip was unblocked from 7 January onwards.
This is a standard process followed for all such corporate actions.
