KUALA LUMPUR (May 24): Bursa Malaysia has suspended the proprietary day trading (PDT) and intra-day short selling (IDSS) of MY EG Services Bhd (MyEG) for the rest of the day, after shares in the counter fell by more than 15 sen or 15% from the reference price. “The PDT and IDSS activities will only be enabled the following trading day, i.e. It is worth noting that MYEG, in which its share price has steeply plunged since May 9, has seen more than RM6 billion wiped out from its market capitalisation. A technology company, the Main Market-listed MyEG provides electronic government services. Introduced and implemented under the previous Barisan Nasional government, the GST was implemented since April 1, 2015.

Source: The Edge Markets May 24, 2018 02:37 UTC