$SIME (4197.MY)$ What happened to SIME? It keeps falling dow...

103509899 : see Chatgpt findings for the reason the stock price dropping===>The price of Sime Darby Berhad (SIME, stock code 4197) has been falling today due to several factors. One of the main reasons is significant selling by institutional investors, particularly the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (KWAP), which have disposed of substantial amounts of shares recently【6†source】【7†source】.

Additionally, there are broader market concerns affecting the stock. Sime Darby's recent acquisition strategy, such as the takeover of UMW Holdings, has led to an increase in the company's debt levels, raising concerns among investors about the potential financial burden【7†source】【8†source】. Furthermore, the automotive sector, which Sime Darby is heavily involved in, faces challenges with the ongoing transition to electric vehicles (EVs), which some investors view as a risky area given the competition and market dynamics【7†source】.

These factors combined have contributed to the decline in Sime Darby's share price today.