Bumi Armada shares fall on correction mode after 6-week rally


Revenue generator: The improvement in its bottomline came from higher contributions from the Armada Kraken and Armada Olombendo FPSO vessels.

PETALING JAYA: Bumi Armada Bhd’s share price went into correction mode on Tuesday, plunging more than 16% to close at 40 sen a share after rallying in the past six weeks.

The oil and gas (O&G) service provider, which recently returned to the black, was among the most highly traded stocks on Bursa Malaysia for months.

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