KUALA LUMPUR (March 7): The intraday short selling (IDSS) of Supercomnet Technologies Bhd shares has been suspended on Bursa Malaysia for the rest of Monday (March 7, 2022) as the last-done price of the medical-device maker's approved securities dropped more than 15% from the reference price.

The IDSS for Supercomnet shares will only be activated on Tuesday (March 8, 2022) at 8.30am, according to a special announcement on Bursa's website on Monday (March 7, 2022).

On Monday, Supercomnet's share price fell as much as 23 sen or 17.29% to RM1.10 before paring losses to RM1.15 at 3.58pm.

At RM1.15, Supercomnet has a market capitalisation of about RM876.04 million based on the company's 761.77 million outstanding shares.