Pertama Digital Bhd's share price continues to experience a major decline today, prompting Bursa Malaysia to continue the suspension of the company's intraday short selling (IDSS) for the remainder of today's trading.
"Please be informed that short selling under IDSS for stock Pertama has been suspended for the rest of the day.
"The short selling under IDSS will only be activated the following trading day, Thursday, Oct 10, at 8:.0am," Bursa Malaysia said.
As of 9.40am, the digital services provider's share is trading at 29 sen, dropping 40% from yesterday's closing price of 48.5 sen.
Since the beginning of October, the share has dropped for more than 80% from its closing price on Oct 1 at RM1.95.
On Oct 3, Bursa had issued an Unusual Market Activity query after the group's share price plunged 30% or 48 sen.
However, the group responded that it was unaware on the reasons for the sell-off and assured stakeholders that the company remains strong and well-positioned for sustainable growth.
