Short selling for Cahya Mata Sarawak suspended, MyEG up on bargain hunting

PETALING JAYA: The proprietary day trading and intraday short selling for Cahya Mata Sarawak Bhd has been suspended after its shares dropped more than 15 sen or 15% from the reference price.
Cahya Mata Sarawak 's share price hit limit-down again today, falling as much as 74 sen or 29.8% to RM1.74 before closing 56 sen or 22.6% lower at RM1.92. A total of 28.93 million shares were traded. Since the general election on May 9, the stock has declined 53.5%.

Meanwhile, MyEG Services Bhd saw its shares jump on bargain huntingy, closing at an intraday high of 98 sen, up 5.5 sen or 5.9% on 144.52 million shares traded, making it the most heavily traded stock of the day.
MyEG took a beating last week after the election, having lost 62% in market capitalisation so far.