HPMT active, continues to hover below issue price

-A +A

KUALA LUMPUR (June 13): Shares in recently listed cutting tools manufacturer and distributor HPMT Holdings Bhd remained below their issue price in the morning session today, albeit actively traded.

At 11.43am, HPMT was down 2% or 1 sen to 49 sen with 17.32 million shares traded, gyrating between a high of 52.5 sen and low of 48 sen earlier.

Yesterday, the company's share price closed at 50 sen, six sen lower than its issue price of 56 sen.

The stock made its debut on the Main Market of Bursa Malaysia yesterday.