Paragon Union’s (PARAGON, 9407) stock price fell for a second straight day on June 15, 2026, closing at RM2.29 after dropping RM0.98 or about 30% that day, its lowest level in over a year [1, 2, 3]. The decline followed a RM1.39 (29.83%) drop on June 12, 2026, which triggered Bursa Malaysia to launch an Unusual Market Activity (UMA) query [2, 3]. After these two consecutive limit down sessions, Bursa Malaysia fixed the stock’s lower price limit at RM2.29 [1].
The cumulative decline of RM2.37 or roughly 51% since May 28, 2026, when the stock traded at RM4.66, has cut Paragon Union’s market capitalization by about RM240 million to RM231.56 million [1, 2, 3]. The company said it was unaware of the reasons behind the sharp share price drop, replying that it did not know why the plunge occurred [1, 2].
In related market activity on June 15, 2026, Petronas Chemicals Berhad (PCHEM) shares also fell 15%, declining RM0.80 to RM4.54, which led Bursa Malaysia to suspend short selling of the stock until 8:30 a.m. on June 16 [2, 3].
Overall, the Malaysian stock market traded 5.026 billion shares with a turnover value of RM3.913 billion on June 15, 2026, according to Bursa Malaysia data [2, 3]. The FTSE Bursa Malaysia KLCI index opened at 1690.39 points, rose during the day to a high of 1697.48 points, and closed up 7.76 points or 0.46% at 1691.39 points [2, 3]. Seven sector indices ended higher, led by technology (up 4.9%), finance (1.8%), and construction (1.4%), while six sectors declined including industrial down 3.7% and healthcare down 3.2% [2, 3].
