KUALA LUMPUR (Feb 25): Globaltec Formation Bhd (KL:GLOTEC) has been told to explain unusual market activity on Wednesday that sent the stock to its daily lower limit. Shares of Globaltec opened two sen or 2% lower at 98 sen and hovered above the 90-sen level through most of the morning session. The stock then tumbled as much as 30 sen or 30% to limit down at 70 sen on the back of a spike in volume just before the noon trading break. Globaltec ended the day at 81 sen after nearly eight million shares changed hands. Revenue for the quarter was down 14.11% year-on-year to RM38.7 million.

Source: The Edge Markets February 25, 2026 08:53 UTC