Bumi Armada gets UMA query after sharp fall in share price to all-time low

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KUALA LUMPUR (Nov 30): A sharp fall in Bumi Armada Bhd’s share price today prompted Bursa Malaysia to issue an unusual market activity (UMA) query to the company.

Shares of the operator of floating production storage and offloading vessels and offshore service vessels closed at a record low of 16 sen, down three sen or 15.8% from yesterday.

Year-to-date, the counter has declined by 79.2%, from its closing price of 77 sen on Dec 29 last year.

Bumi Armada was the second most actively-traded counter today, with 279.13 million shares exchanging hands.  

At the current price, the group’s market capitalisation stands at RM939.35 million.