KUALA LUMPUR: Bursa Malaysia Securities Bhd has frozen the lower limit of share prices for Rapid Synergy Bhd, Sarawak Consolidated Industries Bhd (SCIB), and YNH Property Bhd, citing a significant decline in their share value.
This action was taken as these stocks were consistently trading at static lower limits over two consecutive trading days.
Bursa Malaysia has established the minimum share prices for Rapid Synergy, YNH Property, and SCIB at RM3.96, RM1.22, and 53.5 sen, respectively.
Since Monday, Rapid Synergy's share price has lost half of its value to close at RM3.96 a share yesterday.
SCIB's share price lost 54 per cent of its value to close at 54 sen yesterday.
While YNH Property has also lost half of its value since Monday, closing at RM1.22 yesterday.
Rapid Synergy's market capitalisation currently stands at RM423.31 milion, SCIB at 342.43 million and YNH Property at RM645.379 million.