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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Business News

Step back and watch
Bull waits for liquidity to return
Magnum can strike it big again
All sails set for MISC-Bumi Armada merger
Dicey days for chip makers
After a homeowner passes
A stinky nuisance: When septic tanks burst
Decarbonising cement: Are we ready?
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Shedding light on power sector prospects

Others Also Read