Serba Dinamik sees frenzied selling as trading suspension is lifted

TheStar Mon, May 09, 2022 12:53pm - 1 year View Original


KUALA LUMPUR: Serba Dinamik Holdings Bhd's share price plunged on heavy trading volume as trading in the company's securities resumed for the first time since they were suspended on Oct 22, 2021.

At midday break, the stock had erased 22 sen or 62.86% of its value to 13 sen a share with 430.1 million shares exchanging hands, more than six times the volume of the next most active share.

ALSO READ: Trading curbs on Serba Dinamik securities

Serba Dinamik's warrants meanwhile were the second most heavily traded counter with 850.33 million units crossing hands. The counter also succumbed to heavy selling pressure, losing 4.5 sen or 64.29% to 2.4 sen a apiece.

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