
Leading the pack were Rapid Synergy Bhd and YNH Property Bhd, stocks linked to tycoon Yu Kuan Chon. Rapid Synergy tumbled as much as 27% or 47 sen to RM1.27, a 14-year low, while YNH fell 20.12% or 17 sen to 67.5 sen in morning trading.
Imaspro Corp Bhd, another counter linked to Yu, fell 5.59% or 8 sen to RM1.35.
The pause in the selling was evident in the last few trading sessions prior to today. YNH had risen as much as 20.28% or 14.5 sen to 86 sen yesterday, building on a 9.2% or 10.5 sen rise last Friday.
Today’s selling also hit stocks affected by the recent sell-off such as Sarawak Consolidated Industries Bhd (SCIB), which fell as much as 14.63% or 6 sen to 35 sen, and Widad Group Bhd which dropped 12.9% or 2 sen to 13.5 sen.
Other affected counters were Silver Ridge Holdings Bhd (down 14.29% or 5 sen to 30 sen), Artroniq Bhd (down 3.5 sen or 10.76% to 29 sen) and Mercury Securities Group Bhd (down 3.5 sen or 8.33% to 38.5 sen).
Over 10 counters hit limit-down in recent weeks during the small-cap sell off, with a number plunging more than 50% in value.
At mid-day break, Rapid Synergy was the third biggest loser on Bursa Malaysia, with the trading volume of 9.29 million shares about three times more than its two-month average.
YNH had the third-highest turnover with RM65.02 million worth of shares changing hands.
The property developer did not get a boost from its announcement yesterday that it plans to sell its shopping mall, 163 Retail Park in Mont Kiara to Sunway Real Estate Investment Trust (Sunway REIT) for RM215 million.