Share prices of Serba Dinamik Holdings Bhd drifted downwards when the shares resumed trading this morning as the brokers have demanded cash upfront for the trading of its shares, an analyst said.
The trading suspension on the shares was lifted effective 9 am today. The analyst said that some brokers have demanded 100% cash upfront before any trade execution on the shares.
He said that Serba Dinamik and its warrants are classified as Non_marginable counters and no value is given to its stocks in terms of collateral valuation.
The share price of Serba Dinamik fell 21 sen to close 14 sen at 10.20 am but the analyst adds that the share would trade between 10 and 15 sen.
