Retail investors dump small-cap shares as selldown spreads

Retail investors at the giant scoreboards at RHB Securities Trading Centre. A number of small companies have seen their market value reduced significantly in recent days amid fierce sell-off that is affecting a growing number of stocks.

PETALING JAYA: Small companies on Bursa Malaysia took another big hit yesterday, as edgy retail investors cut risky bets on worries that some counters may have risen too fast too soon.

The severity of the recent selldown has spawn speculation about mounting losses faced by stockbroking firms over their clients’ exposure.