KUALA LUMPUR (April 27): Ramssol Group Bhd (KL:RAMSSOL) fell briefly to its lowest in 18 months amid a spike in volume on Monday before rebounding.

After spending the morning session mostly slightly below the previous session’s closing price, shares of the human resources services firm hit a new intraday low in just minutes after trading resumed, falling as much as 15.5 sen or 21% to 58 sen, its lowest since October 2024.

The sharp decline also triggered a suspension in the intraday short selling (IDSS) on Ramssol, which happens automatically when a stock's last done price falls more than 15 sen or 15% below its reference price.

IDSS will resume at 8.30am on Tuesday.

Ramssol ended Monday at 71.5 sen, down by just two sen or 3%, after more than nine million shares changed hands. At the last price, the company’s market capitalisation was RM289 million.

In response to The Edge's queries, Ramssol chief executive Datuk Cllement Tan said: "We do not comment on share price movements, as investors may have differing considerations when making buy or sell decisions." 

"Management remains firmly focused on driving the business and delivering financial results. Over time, we believe that continued performance improvement and disciplined execution will strengthen market confidence and be reflected in the company’s valuation,” he added.

The company’s last announcement was on April 16 on a plan to seek shareholders’ approval for a proposed share buyback. The most recent financial results disclosed saw a 42% jump in net profit to RM19.33 million for the 12 months ended Dec 31, 2025.