Tuesday, November 22, 2011

Harvest Court hits limit down

KUALA LUMPUR (Nov 22): Shares of HARVEST COURT INDUSTRIES BHD [] hit limit-down on Tuesday as traders took profit following the brief run-up to sell the shares, following the latest corporate development.

At 11.59am, it was down 42 sen or 30% to 98 sen with 160,200 shares done.

The FBM KLCI was down 4.33 points to 1,429.75. Turnover was 644.91 million shares valued at RM458.06 million. There were 186 gainers to 383 losers and 254 stocks unchanged.

On Monday, Harvest Court announced Mohd Nazifuddin Najib has resigned as an independent director. He was appointed to the board on Oct 28. Nazifuddin still owns 3.98 million Harvest Court shares.

The shares skidded on Nov 16 when it resumed trading after it was declared a designated stock. However, there was some mild buying support before the latest corporate development that sent the shares tumbling.

No comments:

Post a Comment