KUALA LUMPUR: The short selling of Datasonic was suspended on Monday after its share price fell as much as 19 sen or 27% to a low of 52 sen.
According to a spokesperson for Datasonic, only 10 lots were short-sold at 52 sen in the opening minutes of trading, followed by 10 lots short-sold at 55 sen soon after.
At 11am, the share price had rebounded to just 1.5 sen lower than the reference price at 69.5 sen.
In a filing, Bursa Securities said the short selling was suspended for the rest of the day after the last done price dropped more than 15% from the reference price.
Datasonic is an IT services management company and provider of ICT solutions including the smart card personalisation (such as secure ID or chip-based credit / debit / bank cards), customisation of software and hardware solutions, project management, consultancy, R&D and technical consultancy services.
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