KUALA LUMPUR (Oct 24): BCM Alliance Bhd rose as much as 8.5 sen or 45% during its maiden trade on Bursa Malaysia's ACE market as investors eyed the company's profit growth and dividend. The most-active stock on Bursa Malaysia saw some 105 million shares traded. BCM's net profit increased to RM2.59 million in the second quarter ended June 30, 2016 from RM1.96 million a year earlier. BCM's IPO involved a public issue of 84.25 million new shares and an offer for sale of 42.13 million shares at 19 sen each. At 19 sen, BCM has a market value of RM80.04 million based on the company's expanded issued base of 421.25 million shares.

Source: The Edge Markets October 24, 2016 03:33 UTC