KUALA LUMPUR: Bursa Malaysia Securities has frozen the lower limit prices for MyEG Services Bhd and George Kent (M) Bhd effective today, following the sharp fall of the companies’ share prices in the past two days.
In an announcement today, Bursa Malaysia Securities had set the lower limit for MyEG at RM1.27 and George Kent at RM1.94.
It added that the freeze was due to the counters trading at the static limit down for the two consecutive days.
On Monday, MyEG shares plunged 53 sen to RM1.27 from RM1.80 on Tuesday last week, while George Kent fell 77 sen to RM1.94 from RM2.76 at the close of the previous trading day.
Both shares were suspended for the whole day on Tuesday, along with Gabungan AQRS Bhd and Excel Force MSC Bhd. – Bernama