Bursa Alert
Global Market
NewsSersol unaware of share price plunge
Page 1 of 1
Sersol unaware of share price plunge
by Cals Wed 09 Oct 2013, 01:44
Published: Tuesday October 8, 2013 MYT 1:14:00 PM
Updated: Tuesday October 8, 2013 MYT 1:16:55 PM
Sersol unaware of share price plunge
KUALA LUMPUR: Sersol Bhd told Bursa Malaysia Securities it was unaware of the reasons for the plunge in the prices of its shares and warrants recently, which wiped out as RM118m from its market capitalisation.
It said on Tuesday that to the best of its knowledge and after making due enquiry with the directors and major shareholders, it was not aware of any factor that led to the sharp fall.
It also said it was not aware of any factor which may have contributed to the trading activity.
“The board of directors wishes to confirm that the company is in compliance with the ACE Market Listing Requirements in particular Rule 9.03 of the AMLR on immediate disclosure obligations,” it said.
At midday on Tuesday, its share price rose 4.5 sen to 44 sen with 30.74 million shares done. Its warrants added five sen to 30 sen, off the earlier low of 23 sen.
To recap, Bursa Securities ordered the company to provide an explanation over the unusual market activity.
At the close on Monday, Sersol had plunged 13.5 sen to 39.5 sen with 32.19 million shares done.
This was a plunge from the high of RM1.01 on Sept 27 and this had erased 61.5 sen from its share price and wiped out RM118.51mil since then. This is based on its paid-up of 192.7 million shares. Its warrants fell 10 sen to 25 sen with 22.96 million units done on Monday.
Updated: Tuesday October 8, 2013 MYT 1:16:55 PM
Sersol unaware of share price plunge
KUALA LUMPUR: Sersol Bhd told Bursa Malaysia Securities it was unaware of the reasons for the plunge in the prices of its shares and warrants recently, which wiped out as RM118m from its market capitalisation.
It said on Tuesday that to the best of its knowledge and after making due enquiry with the directors and major shareholders, it was not aware of any factor that led to the sharp fall.
It also said it was not aware of any factor which may have contributed to the trading activity.
“The board of directors wishes to confirm that the company is in compliance with the ACE Market Listing Requirements in particular Rule 9.03 of the AMLR on immediate disclosure obligations,” it said.
At midday on Tuesday, its share price rose 4.5 sen to 44 sen with 30.74 million shares done. Its warrants added five sen to 30 sen, off the earlier low of 23 sen.
To recap, Bursa Securities ordered the company to provide an explanation over the unusual market activity.
At the close on Monday, Sersol had plunged 13.5 sen to 39.5 sen with 32.19 million shares done.
This was a plunge from the high of RM1.01 on Sept 27 and this had erased 61.5 sen from its share price and wiped out RM118.51mil since then. This is based on its paid-up of 192.7 million shares. Its warrants fell 10 sen to 25 sen with 22.96 million units done on Monday.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Bursa Securities queries Sersol over share price plunge as RM118m wiped out (Update)
» UMA Comintel unaware of reason behind share price plunge
» UMA Damansara Realty says unaware of reasons over share price hike; price drops at noon
» UMA Y&G says it is unaware of reason behind share price spike
» PMB unaware of share price rise factors
» UMA Comintel unaware of reason behind share price plunge
» UMA Damansara Realty says unaware of reasons over share price hike; price drops at noon
» UMA Y&G says it is unaware of reason behind share price spike
» PMB unaware of share price rise factors
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum