CLASSITA Holdings Bhd was the most actively counter on the local stock exchange, with 222.5 million shares traded.
The shares ended the day down 0.5 sen or 6.7% at 7 sen, valuing the company at RM86.3 million
The lingerie and apparel maker stock hit an intraday high of 7.5 sen. It hit a 52-week low of 6.5 sen on Aug 17.
In an exchange filing on June 30, Classita posted a net loss of RM8.9 million for the fourth quarter ended June 30, 2023 (4Q23) compared to a net loss of RM352,000 in the same period last year.
Revenue in the same period fell 53.8% to RM7.3 million mainly due to a decrease in revenue in the property development and construction segment and manufacturing sales segment.
Moving forward, the company said in light of the prevailing challenges in the manufacturing and property development industry, it will continue to manage the business with diligence, remain cautious and pennywise in its approach and ventures.
Classita will also closely monitor developments in the property market by remaining vigilant about customer's preferences as well as supply and demand conditions, it said.
Its top shareholders are Hong Seng Consolidated Bhd with a 32.61% stake, Datuk Goh Choon Kim (4.41%) and Datuk Koo Tee Yam (2.38%).