
KUALA LUMPUR (Jan 19): The persistent sell-off among small-cap stocks sweeping across Bursa Malaysia has resulted in RM7.1 billion in market capitalisation lost among 13 of the worst-hit companies since the start of the year.
The losses came after a short, aggressive rally in some of the companies in the first week of 2024, with the run in share prices extending up till Monday (Jan 15).
These 13 companies were the ones whose shares plunge either hit limit-downs, drew unusual market activity (UMA) queries from the bourse regulator, or triggered the freezing of their intra-day short-selling (IDSS).
Of the 13, 10 hit limit-downs at least once this week, while 11 received UMA queries, and five had their IDSS halted at least once.
Source: The Edge