Lagenda sell-off continues

KUALA LUMPUR: Lagenda Properties Bhd continued to face heavy selling pressure after a sell-off yesterday on news that a "senior personality" related to the company was being probed by the authorities.

Shares in the property developer plunged 26.9% at the start of Thursday trading to 85.5 sen a share before paring some losses to 95 sen a share as at 9.13am after 112.3 million shares were done.