HPP soars to high of 60.5 sen on ACE Market debut

Strong debut: From left are HPP Holdings executive director Ng Soh Hoon, group managing director Kok Hon Seng and chairman Lau Tee Tee @ Lau Kim Wah.

KUALA LUMPUR: Offset packaging printing specialist HPP Holdings Bhd made a strong debut on the ACE Market on Wednesday, surging to a high of 60.5 sen or 24.5 sen above its offer price of 36 sen.

It opened at 57 sen, up 21 sen. At 9.04am, it was trading at 57 sen, up 21 sen. There were 28.06 million shares traded at prices ranging from 51 sen to 60.5 sen.

The FBM KLCI was up 3.08 points or 0.19% to 1,604.96. Turnover was 227.48 million shares valued at RM122.09mil. There were 232 gainers, 144 losers and 280 counters unchanged.