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(Kuala Lumpur, 23rd report) Perak Transport $PTRANS (0186.MY)$ The share price continued to fall on Thursday (23rd) after a delayed opening, hitting an intraday low of 28.5 sen, the lowest level in nearly five years.
The public transport operator, in response to Bursa Malaysia's query regarding unusual market activity (UMA) yesterday (22nd), reiterated that it was unaware of the reasons behind the sharp drop in its share price.
At midday market close, its share price was reported at 33.5 sen; it had once dropped to 28.5 sen during trading, also becoming the most actively traded stock in the market.
This morning, prior to the opening bell, Perak Transit was suspended from trading for an hour pending the company’s response to UMA's query.
On Wednesday, the stock plunged by 30 sen or 47.2%, closing at 33.5 sen, wiping out approximately MYR 360.9 million in market value within a single day, with a trading volume of 232.73 million shares.
According to documents filed with Bursa Malaysia, the company stated that it was not aware of any corporate developments, negotiations, rumors, or reports that could explain the trading activity of the stock.
The company emphasized that it remains in compliance with listing rules, including the obligation under Paragraph 9.03 to disclose information promptly.
Source:Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only and does not constitute any specific investment advice, endorsement of investment strategies, or recommendations. Readers assume all risks and responsibilities arising from reliance on this content. Before making any investment decisions, conduct independent investigations and assessments, and seek professional advice if necessary. The author and related participants are not liable for any consequences resulting from...
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$NATGATE (0270.MY)$ Damn, I've gotten used to the decline; this feels a bit unusual now.
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$NATGATE (0270.MY)$ You're back, you're back. Keep pushing forward without stopping. Everything is going smoothly.
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I thought my 115 would result in a loss, especially since I just saw many buyers queuing at 113 and 110...
I thought my 115 would result in a loss, especially since I just saw many buyers queuing at 113 and 110...
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$NATGATE (0270.MY)$ possible case settle
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$NATGATE (0270.MY)$
We will know about the double top in the next few days. Everyone, please be patient and keep more cash. After all, the stock market is not cheap anymore. Currently, it is being driven higher solely by news. Our main technology stocks are also being pushed up by news. I think they are breaking through the current highest price levels, but even if they break through, they won't hold for long.
We will know about the double top in the next few days. Everyone, please be patient and keep more cash. After all, the stock market is not cheap anymore. Currently, it is being driven higher solely by news. Our main technology stocks are also being pushed up by news. I think they are breaking through the current highest price levels, but even if they break through, they won't hold for long.
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$NATGATE (0270.MY)$ Let’s have a chat. There’s no need to monitor the stock market; let it fall.
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