Tanco Holdings Berhad is trading 7.1% down at $0.13 as the stock extends a brutal downward trend that has erased over 90% of its market value since early June.
- The company recently experienced a record 60% one-day plunge, triggering scrutiny from Bursa Malaysia amid extreme volatility and speculative trading activity.
- Selling pressure remains driven by an ongoing confidence shock and technical trading, while the company has yet to provide specific disclosures regarding the crash beyond stating it is looking into the matter.