Business News

Published: Friday February 8, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:47:37 AM

DanaInfra ETBS top gainer on trading debut

KUALA LUMPUR: Danainfra Nasional Bhd's exchange traded bonds and sukuk (ETBS) was the top gainer on Friday when it was listed on Friday.

At 11.07am, it was up RM1.30 to RM101.30. There were 902,300 units done. The face value of the ETBS is RM100 per unit.

The FBM KLCI rose 1.01 points to 1,620.58. Turnover was 185.80 million shares valued at RM330.35mil. There were 203 gainers, 193 losers and 207 counters unchanged.

Malaysia's first retail sukuk of RM300mil in nominal value, was oversubscribed by 0.61 times.

The oversubscription represented RM484.3mil in value from a total of 1,424 applications for the RM300mil retail sukuk offering.

It was issued to fund the construction of the country's Sungai Buloh-Kajang mass rapid transit (SBK line).

The SBK line is the country's current biggest infrastructure development, with a total estimated cost of RM23bil.

The government is the guarantor of the ETBS.

Tags / Keywords: News, Business, Danainfra Nasional Bhd, exchange traded bonds and sukuk, listing, Business

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