On Wednesday, Cypark's share price drop had led Bursa to again suspend the PDT short selling and IDSS of Cypark shares. On Wednesday, Cypark's share price closed down 12 sen or 24% at 38 sen with 116.73 million shares traded. On Tuesday, Cypark's share price closed down at 50 sen from 66 sen on Monday (May 23), when 1.59 million shares changed hands. Since the beginning of 2022, Cypark's share price had fallen to its current level at 38 sen from its closing share price at 89.5 sen on Jan 3, 2022. At 38 sen, Cypark has a market capitalisation of about RM220.41 million, based on the company's 580.02 milllion outstanding shares.

Source: The Edge Markets May 26, 2022 02:50 UTC