Gamuda Singapore, a wholly owned subsidiary of Gamuda Bhd, made a joint bid of S$318.89mil (RM963mil) for the tract earmarked for executive condominium development .
KUALA LUMPUR: The short-selling of Gamuda shares was suspended for the rest Monday after the share price fell more than 15 sen or 15% in early trade.
According to a Bursa Malaysia Securities statement, the proprietary day trading (PDT) and intraday short selling (IDSS) activities were suspended at 9.03am and they would only resume at 8.30am on Tuesday.
At 9.44am, Gamuda was down 64 sen to RM2.57 with 30.4 million shares done. It hit an early low of RM2.32 – the lowest in recent years.
Its call warrants, C54 lost 3.5 sen to 2.5 sen with 11.2 million units done.
The FBM KLCI was down 3.90 points or 0.22% to RM2.57. There were 103 gainers, 430 losers and 232 counters unchanged. Turnover was 539.46 million shares valued at RN288.06mil.
The fall in Gamuda was after the government terminated MRT 2’s underground scope, which CIMB Research said was a negative surprise.
“Huge order book impact if Gamuda fails in the soon-to-be-held international tender,” it said.
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