Thursday, April 14, 2011

Formis slides as its 92.95m free warrants go ex

KUALA LUMPUR: Shares of FORMIS RESOURCES BHD [] (FRB) fell on Thursday, April 14 in active trade as its 92.95 million free warrants went ex.

At 2.41pm, the shares were down 20 sen to 84 sen with 1.55 million units done.

The FBM KLCI fell 4.82 points to 1,530.77. Turnover was 439.94 million shares done valued at RM561.58 million. Losers beat gainers 546 to 162 while 239 counters were unchanged.

A Bursa announcement said Formis shares were traded and quoted ex on Thursday.'' A total of 92.95 million free warrants were issued on the basis of one free warrant for every two share held. The last fat of lodgement is April 18.

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