KUALA LUMPUR: Chip maker Globetronics fell as much as 20.7% on Monday to a low of RM4.38 in very active trade, prompting a query from Bursa Malaysia Securities.
At 5pm, it was down 85 sen to RM4.44, the lowest since January 2015. It was actively traded with 15.13 million shares done.
The FBM KLCI was down 3.45 points or 0.2% to 1,714.51. Turnover was 1.85 billion shares valued at RM1.64bil. There were 269 gainers, 516 losers and 369 counters unchanged.
Other chip makers and tech-related stocks also fell. PIE lost 30 sen to RM13.30, MPI 23 sen to RM7.08 while Inari was down 16 sen to RM2.86.
The regulator advised investors to take note of Globetronics' reply to the query when making their investment deicision.
Bursa Securities queried the company over the sharp fall in price of the shares on Monday and directed the latter to determine if there were any reasons and also to inquiring with the directors and major shareholders.
However, there were no negative news about the sector.
Last week, the North American-based semiconductor equipment manufacturers posted some US$1.38bil in global orders in March 2016, the best in six months.
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