Quick take: Daya plunges 50% in early trade


The oil and gas company told Bursa Malaysia that its shareholder equity was on a consolidated basis of RM19.1mil, which represents less than 25% of its issued capital.

KUALA LUMPUR: Daya Materials Bhd shares have taken a hit, falling as much as 50% in early trade Friday after reporting a net loss for FY18 and concerns on its debt restructuring exercise.

The Practice Note 17 (PN17) company fell 50% to 0.5 sen. It is currently the most active counter with 16.11 million shares traded.

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