Rapid Synergy, YNH Property and SCIB hit limit down

KUALA LUMPUR: Rapid Synergy Bhd, YNH Property Bhd, and Sarawak Consolidated Industries Bhd (SCIB) have succumbed to selling pressure, hitting the limit down on Tuesday.

Rapid tumbled RM2.41, or 29.9% to RM5.65 with 851,700 shares traded. The counter has fallen over 74% in the past six months.

YNH Property slid 74 sen, or 29.96% to RM1.73 and fallen almost 65% in the past six months.

Rapid, YNH Property and IMASPRO Corp Bhd, which are linked to Datuk Dr Yu Kuan Chon have come under extreme selling pressure in recent days.

Meanwhile, SCIB tumbled 35.5 sen, or 29.83% to 83.5 sen with 221.5 million shares traded.

Bursa Malaysia has suspended the short selling of SCIB shares under its intraday short selling (IDSS) facility for the rest of the day after the stock dropped more than 15% or 15 sen from the reference price.

In a statement, the exchange said the IDSS facility will only be activated at 8.30 am tomorrow.