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UMA query, shares crash

GIIB Holdings Shares Hit Bursa's Daily Price Floor After UMA Query

RaymondRates.my2 min read

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GIIB Holdings shares were trading as low as 24 sen on Friday — Bursa Malaysia’s static floor for a stock under RM1 — a day after a Bursa query over an unexplained 24% plunge went unanswered. These are intraday prices, not a close.

RM0.24
Day's low
-55.6% vs Thursday's 54 sen close
RM0.315
Trading at 9.36am
-41.7% vs Thursday's close
3rd
UMA query of 2026
filed Thu 5.44pm, ref ILC-29102026-00009

Why did GIIB Holdings get a Bursa unusual market activity query?

Live chart: GIIB (7192)
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  • Bursa queried GIIB on Thursday, after shares fell 23.94% to 54 sen, demanding an immediate board-endorsed reply (ref ILC-29102026-00009).
  • No reply had been filed as of this report, as Friday’s price fell further on heavy volume (KLSE Screener, Yahoo Finance).
  • It is GIIB’s third UMA query this year— the two earlier ones followed share-price surges, not a fall (The Star).

What links GIIB Holdings to Mega Fortris?

A newspaper stock market page showing a Dow Jones index chart and percentage changes
Bursa has queried one of two companies tied to the same chairman after both fell sharply this week. · Photo: Unsplash
  • Mega Fortris’s chairman Datuk Ng Meng Kee and its MD Datuk Ng Meng Poh are deemed substantial shareholders of GIIB (The Edge, via KLSE Screener).
  • Mega Fortris fell 20.6% on Thursdayto RM2.74, erasing about RM590 million in value, before Friday’s short-selling suspension (Bursa notice, ref ISA-30102026-00002).
  • It was trading around RM2.26 by 9.39am Friday, down 17.5%, after an intraday low of RM2.07 (Yahoo Finance).

Track both counters live on the Bursa heat list, or read about a similar price-limit suspension this month, Northern Solar’s 18% intraday drop.

What to watch

  • 2 Nov 2026, 8.30amShort selling under IDSS reactivates for Mega Fortris, after Friday’s price-limit suspension (Bursa notice).
  • Not yet confirmedGIIB’s reply to Thursday’s UMA query— none had been filed as of this report (Bursa announcements, checked 9.45am Friday).
Not financial advice. This is general information on GIIB Holdings Berhad’s (7192) and Mega Fortris Berhad’s (5327) share prices and Bursa Malaysia trading notices, as of intraday trading on 30 October 2026. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices and filings with your broker before acting.

Sources

Bursa notices (via KLSE Screener)

Reporting and data

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Track GIIB on the live Bursa heat list

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