KUALA LUMPUR: Tanco Holdings Bhd

came under intense selling pressure in early trade on Wednesday, with the stock hitting the limit down amid heavy trading.

The property developer plunged 30 sen, or 37.5%, to 50 sen, with 27 million shares changing hands as at 9.32 am. The counter has slumped more than 63% over the past five trading sessions and is down over 46% year-to-date.