DPI down 3.7% on 2nd day of trading, tracks broader market loss

DPI down 3.7% on 2nd day of trading, tracks broader market loss
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KUALA LUMPUR (Jan 8): Shares in DPI Holdings Bhd fell as much as 3.7% so far this morning on its second day of trading on Bursa Malaysia's ACE Market, tracking the losses of the broader market.

As at 10.30am, shares of DPI were trading down 1 sen at 26 sen after 4.98 million shares exchanged hands.

DPI's initial public offering involved a public issue of 126.56 million new shares at 25 sen each.

The company, which is headquartered in Johor, is involved in the development, manufacturing and distribution of aerosol products for the automotive industrial and household markets, under its own brand names "DPI", "Anchor" and "Kromoto".

It also provides solutions for paint and lubricant formulation, raw and packing materials as well as aerosol packaging, under its private label manufacturing services.