Litrak, Cahya Mata Sarawak tumble


AmInvest Research continue to like N2N due to its leading position in the online trading solutions space.

KUALA LUMPUR: Shares of toll-road operator Litrak and cement producer Cahya Mata Sarawak  tumbled in the afternoon session on Friday.

At 3.22pm, Litrak had fallen 28.2% or RM1.44 to RM3.70 with 433,600 shares done on investors worries about a revamp in the toll structure by the new Federal Government.

Cahya Mata Sarawak hit limit down, falling RM1.05 to RM2.48 with 3.05 million shares traded on concerns about the Pan Borneo Highway project.

The intra-day short-selling (IDSS)  and proprietary day trading (PDT) for the two counters were suspended for the rest of the day on Friday.

The regulator said the suspension came into effect after the share prices dropped more than 15 sen / 15% from the reference price. 

The activities will only be enabled on Monday at 08.30am.

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