Dayang tumbles, day trading and short selling suspended

Dayang managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin said the contract win was a significant milestone for the Dayang group to bring the company to greater heights by leveraging on its market leading expertise in topside major structural maintenance and hook-up commissioning on engineering, procurement, construction and commissioning (EPCC) services

KUALA LUMPUR: Shares of Dayang Enterprise Holdings Bhd fell to a low of 56 sen on Friday afternoon, prompting Bursa Malaysia Securities to suspend the intra-day short-selling (IDSS) and proprietary day trading (PDT).

At 4.18pm, it was down 16.5 sen to 57 sen. There were 61 million shares done at prices ranging from 56 sen to 73.5 sen.

Bursa Securities said the IDSS and PDT were suspended for the rest of the day as the last done price dropped more than 15 sen / 15% from the reference price. 

The PDT and IDSS activities will only be enabled on Monday, May 21 at 08.30am.

Dayang, a Sarawak-based company provides maintenance services, fabrication operations, hook-up & commissioning, charter of marine vessels.