SHARES in MLABS Systems Bhd
, which was listed on Mesdaq last Friday, continued to fall on its second trading day, dropping 5 sen to 34.5 sen yesterday, and drifting further from its initial public offer (IPO) price of 55 sen.
On its listing debut on Friday, the stock closed at 39.5 sen, off its intraday high of 53.5 sen, on volume of 18 million shares. The counter has lost some 37% since the listing.
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