Southern Cable makes firm debut on ACE Market

Southern Cable Group Bhd managing director Tung Eng Hai hits the gong at the virtual listing of the cables and wires manufacturer on the ACE Market accompanied by its non-executive chairman Rizvi Abdul Halim.

KUALA LUMPUR: Southern Cable Group Bhd made a firm debut on the ACE Market on Friday and climbed to a high of 38.5 sen, or 4.5 sen above its offer price of 34 sen in early trade.

At 9.10am, it was trading at 36.5 sen, up 2.5 sen. There were 161.62 million shares done at prices ranging from 33 sen to 38 sen.