Hot stock: Nanofilm hits new low after warning of H1 loss

SHARES of mainboard-listed Nanofilm Technologies : MZH 0% fell as much as 16.4 per cent on Tuesday (Jul 11), after the company said it expects to post an S$8 million net loss for the six months ended Jun 30.

The counter slid to a low of S$1.12, down 16.4 per cent or S$0.22, as at 2.20 pm – the lowest since the company’s listing in October 2020. Some 9.3 million shares were traded.

At the midday trading break, Nanofilm was down 14.2 per cent or S$0.19 at S$1.15, with 7.3 million shares changing hands amid heavy trading.