KUALA LUMPUR, Bursa Malaysia has suspended intraday short-selling (IDSS) for Kenanga Investment Bank Bhd for the remainder of the day after the stock breached its price limit.

In a filing today, the exchange said the suspension was triggered after the investment bank’s share price fell by more than 15 per cent, or 15 sen, from the reference price.

It said the short-selling for Kenanga Investment Bank under IDSS will resume on Friday, Aug 30, at 8.30 am.

As of 2.30 pm, Kenanga Investment Bank’s shares had fallen 15.25 per cent to RM1.00 from the previous day’s close of RM1.18, with 1.25 million shares changing hands.

Source: BERNAMA News Agency