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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3


Next In Business News

Fernandes: Aviation industry likely to return to normal in 2022
KPower energises global energy, solar market
MEF: Well-coordinated enforcement activities on businesses crucial
Mustapa: 12MP includes National Recovery Plan
Maybank IB cliches top awards at FinanceAsia Country Awards, Alpha SEA
CPO futures to see profit-taking activities next week
Leon Fuat cautious on demand of steel products as Covid worries weigh
Pertama Digital, Experian to jointly explore alternative credit scoring solutions
Some commodities have now wiped out all of their 2021 gains
Job value proposition

Stories You'll Enjoy