Bursa freezes lower limit for George Kent, My EG

KUALA LUMPUR: Bursa Malaysia Securities has frozen the lower limit price for My EG Services and George Kent with effect from Wednesday after  their shares were battered over the past two days.

In an announcement on Wednesday, the regulator said the lower limit for MY EG was RM1.27 and George Kent at RM1.94.

It said the freeze was due to the counters trading at the static limit down for the two consecutive days.

On Tuesday, before market opened, Bursa Securities announced that the intra-day short-selling and proprietary day trading of Excel Force   , My EG, George Kent and Gabungan AQRS had been suspended for the whole day from 8.30am.

George Kent hit limit-down in early trade,  falling 82 sen to RM1.94. It is the project delivery partner for the Light Rail Transit from Bandar Utama to Klang.

My EG, which is connected with the previous ruling party, tumbled 54 sen to RM1.27.