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

Why there has to be a sub-MC
What if everyone owns a home?
Navigating Australia’s property market
Govt's RM1.1bil investment injection into Sapura Energy a 'beacon of hope', say vendors
Ringgit to remain defensive next week, trading within 4.43-4.44 range against greenback
Steadying the ship in stormy times
Hedge fund trading, on the cheap�
MrBeast ups his game
Poised for change amid Asean integration
The future’s up in the air

Others Also Read