KUALA LUMPUR: Short-selling of Yew Lee Pacific Group Bhd
's trading stock has been suspended for the remainder of the day following a plunge in its share price, said Bursa Malaysia.
Shares in the indusrial brush and machinery manufacturer hit a low of 50 sen a share in morning trade, representing an 18.5 sen or 37% dive from its previous closing price of 68.5 sen.
As at 11.15am, Yew Lee was trading at 51 sen a share after 7.37 million units changed hands.
The stock exchange operator suspended the intraday short-selling (IDSS) of the security as the last done price dropped more than 15 sen from the reference price.
Short selling of the share under IDSS will resume the following trading day at 8.30am.
