Short selling of Hengyuan suspended
22 May 2018 / 22:48 H.
PETALING JAYA: Hengyuan Refining Company Bhd's proprietary day trading (PDT) and intra-day short-selling (IDSS) activities were suspended today, after its share price fell more than 15%.
The stock exchange regulator said PDT and IDSS activities of the stock will only be enabled from 8.30am tomorrow.
Hengyuan's share price declined as much as 15.56% to a low of RM7.00 in early trade after its first-quarter net profit slumped 68.9% to RM86.81 million from RM279.49 million in the previous corresponding period.
At the market's close, its shares were down RM1.15 or 13.9% at RM7.14 with 5.94 million shares done.