Shares of Tanco Holdings Bhd plunged more than 15% in afternoon trading on Tuesday, triggering an automatic suspension of intraday short selling (IDSS) by Bursa Malaysia for the remainder of the trading session.
As at 2.49pm, Tanco fell 17.5 sen, or 15.63%, to 94.5 sen, after touching an intraday low of 88 sen. The property developer opened at RM1.11 and traded as high as RM1.11 during the session.
The sharp decline saw trading volume surge to 381.5 million shares, making it one of the most actively traded counters on Bursa Malaysia.
Earlier, Bursa Malaysia announced that IDSS activities in Tanco shares had been suspended after the stock breached the exchange’s price-limit threshold, which is triggered when a stock falls by more than 15% or 15 sen from its reference price.
The exchange said the suspension applies only to intraday short-selling transactions, while normal trading of Tanco shares will continue under standard market rules.
According to Bursa Malaysia, IDSS for Tanco is scheduled to resume at 8.30am on June 10, subject to the stock remaining eligible under the exchange’s short-selling framework.
Despite Tuesday’s sharp sell-off, Tanco remains up from its six-month low of around 75 sen recorded in December 2025. However, the latest decline has erased a significant portion of the gains accumulated earlier this year, when the stock climbed to as high as RM1.38 in March 2026.
