SkyeChip Bhd shares weakened in active trade, falling 2.40% to RM2.85 at the time of writing as profit-taking pressure weighed on the counter after recent volatility in the technology sector.
The stock opened at RM2.86, touched a high of RM2.92 and a low of RM2.85, reflecting a narrow intraday range as selling interest dominated late-session movement.
Trading activity remained relatively active with 67.69 million shares changing hands, although bid support was thin at the RM2.85 level, suggesting cautious sentiment among investors. The last traded price of RM2.85 also sat below the 15-minute delayed reference level, indicating mild downside momentum during the session.
SkyeChip Bhd delivered a blockbuster debut on Bursa Malaysia’s Main Market, opening at RM3.50 on May 20.
Despite the pullback, SkyeChip Bhd remains closely watched within the technology space given its exposure to semiconductor-related growth themes. However, near-term price action suggests sentiment is driven more by short-term positioning rather than fresh fundamental catalysts, with the counter consolidating after its recent upward movement.
