Bursa Securities freezes upper limit price for Widetech


Widetech has a small share base of 44.75 million units only.

KUALA LUMPUR: Bursa Malaysia Securities has imposed a cap on the upper limit price of Widetech (Malaysia) Bhd at RM2.15 next Monday.

In a statement on Friday, the freezing of the price was due to the counter trading at the static limit-up prices for two straight days.

Its share price closed 49 sen higher at RM2.15 with 587,500 shares traded.

Its share price closed at 59 sen on Feb 8 and rallied to a high RM1.90 on Feb 18. It fell to RM1.02 on March 3 and then regained momentum to close at RM1.28 on May 5. It hit limit-up on Thursday and Friday.

Widetech has a small share base of 44.75 million units only.

Widetch specialises in the manufacture of precision springs, which are used in a cross section of industries ranging from electrical and electronics to automotive and general household and consumer products.

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