KUALA LUMPUR: Shares of'' Asia Media Group Bhd opened at 40 sen, or 17 sen above its offer price of 23 sen on its trading debut on the Ace Market of Bursa Malaysia on Tuesday, Jan 12.
At 9.03am, it was up 18 sen to 41 sen with 5.69 million shares done.
However, the FBM KLCI fell 4.73 points to 1,558.79. Turnover was 70.73 million shares valued at RM37.88 million. Gainers led losers 106 to 68 while 108 stocks were unchanged.
Asia Media's offer price was 23 sen per share. Its offer of 8.0 million shares to the public was oversubscribed by 21.46 times.
Asia Media Group is a digital out-of-home Transit TV company.
At 9.03am, it was up 18 sen to 41 sen with 5.69 million shares done.
However, the FBM KLCI fell 4.73 points to 1,558.79. Turnover was 70.73 million shares valued at RM37.88 million. Gainers led losers 106 to 68 while 108 stocks were unchanged.
Asia Media's offer price was 23 sen per share. Its offer of 8.0 million shares to the public was oversubscribed by 21.46 times.
Asia Media Group is a digital out-of-home Transit TV company.
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