Malaysia

Fruit distributor Carzo's witnesses unusual slump in share prices

Fruit distributor Carzo Holdings Bhd's share price slumped to its intraday low at RM1.08 on Friday July 22 from RM1.82 on Monday July 18. This is deemed unusual as the shares, which have been traded for only three days this week, had recorded low trade volume on those days.

At 10:48am on Friday, Carzo's share price fell 14.29% to RM1.08 with 100 shares traded. Looking back, Carzo's share price, which stood at RM1.82 on Monday with no shares traded, slumped to RM1.41 with 100 shares transacted on Tuesday.

On Wednesday (July 20), Carzo's share price ended lower at RM1.26 with 100 shares changing hands.

Source: theedgemarkets.com


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