PDT, ISS suspended for Hengyuan after price slides


KUALA LUMPUR: The proprietary day trading (PDT) and intra-day short-selling (IDSS) for refiner Hengyuan Refining Company Bhd was suspended on Tuesday after the share price fell more than 15 sen or 15%.

Bursa Malaysia Securities announced that the PDT and IDSS would only  resume at 8.30am on Wednesday.

At 9.11am, Hengyuan had fallen 83 sen to RM7.46. There were 1.10 million shares done.

Petron fell 37 sen to RM8.72 with 88.600 shares done.

Hengyuan reported a set of much weaker earnings in the first quarter ended March 31, 2018 at RM86.81mil compared with RM279.48mil a year ago.

 

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