Last updated on August 23, 2025
KUALA LUMPUR: ACE Market-listed chemical manufacturer Sersol Bhd saw a surge in trading activity, with 41 million shares changing hands — its highest single-day volume in over three years since Jan 10, 2022.
The penny stock, which had been under pressure in recent months, opened flat at 1.5 sen before spiking to a morning high of four sen. By the midday break, it had doubled to three sen, giving the company a market value of RM16.46 million and making it the second most actively traded counter on Bursa Malaysia.
Sersol, which supplies coating services for plastic and metal components in the electronics and electrical sector, had been trading between two sen and three sen since late May, after hitting a record low of 1.5 sen on Aug 6. Year-to-date, the counter remains down 68.42% from 9.5 sen in January.
Corporate changes also drew attention. On July 28, Sersol announced the termination of its chief financial officer (CFO) effective Aug 1 as part of “management restructuring,” later naming its finance manager as replacement. However, on Aug 7, the company issued a correction stating the CFO had resigned, attributing the earlier announcement to an “internal communication error.” No explanation was provided for the eight-day delay in clarification.
Meanwhile, Morgan Stanley & Co International plc, through Mitsubishi UFJ Financial Group Inc, sold 6.94 million shares over the same period, trimming its stake from 6.22% to 5.27%.
These developments come as Sersol prepares to release its unaudited full-year results for the year ended June 30, 2025 — the first since changing its financial year-end from December to June.
