Hengyuan tumbles 15%, short selling suspended


KUALA LUMPUR: Hengyuan Refining Company Bhd fell more than 15% on Wednesday, triggering the suspension of intraday short selling (IDSS) for the remainder of the trading day.

At 12.22pm, Hengyuan was down 66 sen, or 15.21%, to RM3.68, making it the top loser on Bursa Malaysia.

Bursa Malaysia said IDSS for Hengyuan was suspended after its last traded price fell more than 15% or 15 sen from the reference price.

Short selling under IDSS will resume on Thursday, Oct 1, at 8.30am.

Hengyuan’s warrants were also among the top decliners, falling 50 sen, or 15.72%, to RM2.68.

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