KUALA LUMPUR: Bursa Malaysia has suspended intraday short selling (IDSS) of Mega Fortris Bhd shares for the remainder of Thursday after the stock breached the permitted price limit for the second consecutive day.

The stock exchange operator said the suspension was triggered after the stock's last traded price fell by more than 15% or 15 sen from its reference price.

Mega Fortris fell 13 sen, or 11.21%, to RM1.03, with 4.03 million shares traded at 12.30pm. 

The stock had earlier fallen to an intraday low of 96.5 sen.

On Wednesday, Mega Fortris plunged as much as 18.06% to 88.5 sen, its lowest level in nearly nine months, triggering a similar IDSS suspension.

Short selling under IDSS will resume on Friday, Nov 13, at 8.30am.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.