Friday, March 18, 2011

APFT opens at 56.5 sen, premium of 6.5 sen over offer price

KUALA LUMPUR: Shares of APFT Bhd opened at 56.5 sen, a premium of 6.5 sen over its offer price of 50 sen when it made its debut on the Main Market of Bursa Malaysia on Friday, March 18

At 9.01am, shares of the flight education and training academy, was up 7.5 sen to 57.5 sen with 5.85 million shares done. The offer price was 50 sen each.

The FBM KLCI shed 0.79 of a point to 1,491.3. Turnover was 54.84 million shares valued at RM27.94 million shares. There were 140 gainers, 31 losers and 69 stocks unchanged.

Under its listing exercise, APFT's 15 million shares allocated for public subscription were oversubscribed 12 times.

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