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Update Heavy selling on Sumatec, PDZ and Macro

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Update Heavy selling on Sumatec, PDZ and Macro Empty Update Heavy selling on Sumatec, PDZ and Macro

Post by Cals Wed 20 Aug 2014, 22:25

Update Heavy selling on Sumatec, PDZ and Macro
Business & Markets 2014
Written by theedgemalaysia.com   
Wednesday, 20 August 2014 16:10

KUALA LUMPUR (Aug 20): Share prices of Sumatec Resources Bhd, PDZ Holdings Bhd and Marco Holdings Bhd tank in the afternoon trading session.
Sumatec leads the fall with its share price slid 24% to 46 sen at 4pm on 567.3 million shares changing hands. PDZ, which is rumoured with the emergence of new shareholder, fell nearly 15% to 32 sen with 402.2 million traded. Marco Holdings, which is linked to tycoon Tan Sri Robert Tan Hua Choon, was down 10% to 21 sen.

Dealers said it was not known the reason for the sudden selling on the three stocks that had enjoyed a strong rally. "It might be that some brokers have pulled back the credit lines on these stocks; hence the selling on the counters," said a dealer.
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