PETALING JAYA: The respite for small-cap stocks battered by the sell-off in recent weeks appears to have been short-lived as some of the worst-hit counters have again come under selling pressure today.
Rapid Synergy Bhd, YNH Property Bhd and Sarawak Consolidated Industries Bhd (SCIB) hit limit down in yesterday’s trading, joining almost 800 counters, which closed in the red on Bursa Malaysia.
KUALA LUMPUR: Bursa Malaysia closed broadly lower on Wednesday as investor sentiment took a hit on the increasing number of counters hitting limit down on the local bourse.
PETALING JAYA: Three stocks linked to businessman Yu Kuan Chon have succumbed to selling pressure in recent days, prompting Bursa Malaysia to issue unusual market activity (UMA) queries to two of the companies yesterday.
Tycoons on the 2023 Forbes list of Malaysia’s 50 Richest saw their combined wealth increasing to US$81.6bil (RM376.3bil) from US$80.5bil (RM371.2bil) a year ago.