Unisem, which plunged 18%, the biggest drop since the company
PETALING JAYA: On paper, Unisem (M) Bhd
seems to be the first to feel the effects of the intraday short selling (IDSS) rule introduced by Bursa Malaysia. However, closer scrutiny suggests that the manufacturer of electronic components saw a heavy selldown of its stock because its results were bad.
Brokers said the sharp drop in Unisem’s share price on Wednesday was largely because it announced a poor set of results.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
