Able Global's Intraday Short Selling Suspended

KUALA LUMPUR, Feb 13 (Bernama) -- Intraday short selling (IDSS) of Able Global Bhd’s shares has been suspended for the rest of the day after its last done price dropped by more than 15 per cent or 15 sen from its reference price.

In a filing today, Bursa Malaysia said the IDSS of Able Global’s share will only be reactivated at 8.30 am tomorrow (Feb 14).

At 10.28 am, shares of the dairy manufacturer and tin can maker fell by as much as 31 sen, or 18 per cent to RM1.41 apiece from yesterday’s close of RM1.72, after opening at RM1.70.

At 10.48 am, the stock trimmed its losses to RM1.43 with 5.21 million shares changing hands.

 -- BERNAMA