Bumi Armada shares fall 2.7%, hit by EPNL's force majeure event

KUALA LUMPUR: Bumi Armada Bhd’s shares fell over 2.7% in morning trade following news that it has been hit by a suspension of its Armada Perdana floating production storage and offloading (FPSO) unit by Erin Petroleum Nigeria Ltd (EPNL).

The counter shed 2.7%, or 2.5 sen to 88 sen with three million shares trade. Armada-C30 fell 24.39%, or five sen to 15.5 sen while Armada-C31 declined 18.75%, or three sen to 13 sen.