Volcano rallies, sees heavy trading interest on ACE Market debut

From left: Volcano executive director and CFO Khoo Boo Wui, executive director Gan Yew Thiam, managing director, Datuk Ch'ng Huat Seng, executive director Yeap Guan Seng and executive director Datuk Wong Tze Peng

KUALA LUMPUR: ACE Market debutant Volcano Bhd opened at 70 sen a share on Bursa Malaysia, double its offer price of 35 sen, on heavy trading volume.

The counter rose to as high as 70.5 sen a share before easing to 49.5 sen at 10.30am, which was 14.5 sen or 41.43% over its reference price.