First IPO of the year Binasat makes strong debut

KUALA LUMPUR, 8 Jan -- Pengarah Urusan Binasat Communications Berhad, Na Boon Aik (kiri) bersama Pengerusi Binasat Communications Berhad, Tan Sri Ahmad Fuad Ismail (dua, kiri) ketika melihat skrin yang memaparkan saham syarikat itu pada penyenaraian di pasaran Bursa Malaysia Securities Berhad hari ini.--fotoBERNAMA (2018) HAK CIPTA TERPELIHARA

PETALING JAYA: The first initial public offering (IPO) of the year got off to a strong start, with shares in Ace Market debutant Binasat Communications Bhd surging more than a quarter on its maiden trading day.

The stock closed 13 sen or 28.3% higher at 59 sen, with 72.6 million shares being traded.