Tuesday 07 May 2024
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KUALA LUMPUR (Nov 1): Petronas Gas Bhd (PetGas) share price has had a big swing in the afternoon trading session.  The stock plunged to a low of RM14 at 3.11 pm, down 15.8% from yesterday's closing of RM16.64. But it bounced back up immediately to above RM16-level. 

Consequently, proprietary day trading (PDT) and intra-day short selling (IDSS) of Petronas Gas Bhd (PetGas) have been suspended after sharp fall of more than 15%.

The regulator Bursa Malaysia said PDT and IDSS for the counter will only resume next Monday (Nov 4) at 8:30am.

"Please be informed that short selling under PDT and IDSS for stock PetGas (6033) has been suspended for the rest of the day as the Last Done Price of the Approved Securities dropped more than 15% from the Reference Price," it said in a bourse filing.

At the closing bell, PetGas ended the trading week at RM16.48, down 0.9% or 16 sen , giving it a market capitalisation of RM32.65 billion. The counter saw 152,200 shares traded.

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