Bursa suspends short selling of Hartalega, Kossan shares


KUALA LUMPUR: Bursa Malaysia has suspended intraday short selling (IDSS) of Hartalega Holdings Bhd and Kossan Rubber Industries Bhd for the rest of the day after a sharp drop in their share prices.

Hartalega tumbled 20.29% or 69 sen to RM2.70, while Kossan fell 16.6% or 39 sen to RM1.96 as of 4:11 pm.

Bursa Malaysia said the suspension was triggered after the stock dropped more than 15% per or 15 sen from the reference price.

“The short selling under IDSS will only be activated the following trading day, Wednesday, Feb 19 at 08:30 am,” Bursa Malaysia said.

Earlier, Hartelaga announced that its net profit fell to RM19.51mil in the third quarter of its 2025 financial year, down from RM22.38mil in the year-ago quarter. Earnings per share retreated to 0.57 sen from 0.66 sen previously.

This was despite revenue coming in at RM738.19mil, a jump up from RM415.64mil in the comparative quarter, as sales volume surged 73% year-on-year (y-o-y).

 

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa Malaysia , short selling , Hartalega , Kossan

Next In Business News

LSH Capital wins Kuantan road contract
Potential for nuclear to fill coal power gap
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
Bus Cap secures Bursa Malaysia nod for ACE Market listing
MM Computer moves forward with IPO
Malaysia prepares�carbon pricing rollout
AEON Credit sets modest FY27 targets amid geopolitical risks
SC appoints Manoj Kurup as executive director for enforcement

Others Also Read