Short selling in five counters suspended amid market rout Intraday short selling in five counters, namely UWC Bhd (KL:UWC), Inari Amertron Bhd (KL:INARI), Guan Chong Bhd (KL:GCB), Pentamaster Corporation Bhd (KL:PENTA) and Pavilion Real Estate Investment Trust (KL:PAVREIT), was suspended on Monday after all five saw an at least 15% drop in their share prices.
Intraday short selling in five companies, including UWC Bhd, Inari Amertron Bhd, Guan Chong Bhd, Pentamaster Corporation Bhd, and Pavilion REIT, was suspended after each experienced a drop of at least 15% in share prices. The suspension will be lifted at 8:30 am on Tuesday. This decline is part of a broader market downturn, with significant losses across various indices, attributed to fears of a global trade war.
KUALA LUMPUR (April 7): Intraday short selling in five counters, namely UWC Bhd (KL:UWC), Inari Amertron Bhd (KL:INARI), Guan Chong Bhd (KL:GCB), Pentamaster Corporation Bhd (KL:PENTA) and Pavilion Real Estate Investment Trust (KL:PAVREIT), was suspended on Monday after all five saw an at least 15% drop in their share prices.
UWC was down 19.1% to RM1.62 a share earlier, while Inari was down 15.96% to RM1.59 a share.
Guan Chong was down 15.88% to RM3.01, Pentamaster declined 16% to RM2.11 a share, while Pavilion REIT fell 17% before rebounding to trade 5.44% lower at RM1.39 a unit.
The short selling suspension will be lifted at 8.30am on Tuesday.
The weakness was part of a larger market rout, with 1,207 losers out of 1,423 stocks traded, fuelled by global trade war fears.
The benchmark FBM KLCI was down 5.42%, the FBM 100 down 5.97%, FBM EMAS down 6.02%, FBM HIJRAH down 6.16% while the FBM ACE was down 7.01%.
More to come
Edited ByPresenna Nambiar
