KUALA LUMPUR (Jan 11): The share price of circuit board maker PNE PCB Bhd, which last week announced its venture into rubber glove production, took a nosedive this morning after it leapt 54.55% last Friday.
The stock opened at 82.5 sen, which is below last week s closing of 85 sen, plummeting 18.24% or 15.5 sen to a low of 69.5 sen in less than an hour after the opening bell.
At 11.20am, the counter stood at 76 sen, still down nine sen or 10.59%. The counter saw 24 million shares changed hands.
The selldown this morning raises the question of whether PNE PCB is going to follow the same share price pattern an inverted V-shape trend as others that announced glove ventures.