KUALA LUMPUR: Perak Transit Berhad made a firm debut on the Ace Market of Bursa Malaysia Securities Bhd on Thursday, opening at 18 sen which was three sen above its offer price of 15 sen each. At 9.01am, it was trading at 18.5 sen. Total turnover was 33.23 million shares done.The FBM KLCI rose 0.35 of a point or 0.02% to 1,663.27. Turnover was 57.22 million shares valued at RM16.11mil. Its initial public offering (IPO) under the public portion was oversubscribed by 19.83 times. A total of 10,346 applications for 1.21 billion new shares worth RM181.22mil were received from the Malaysian public for the 58 million new shares made available for public subscription.

Source: The Star October 06, 2016 01:10 UTC