GFM-WC: Steady gain on debut on positive news

Written by Editor

GFM-WC, the new warrant of GFM Services Berhad (GFM), began trading in Bursa Malaysia on 7 February.  This warrant was issued to shareholders of GFM as a bonus issue based on one free warrant for every two shares held on the entitlement date.  A total of 235.46 million warrants were issued.  GFM-WC has gradually climbed up ever since it made its debut at 16 sen last week as GFM announced it has secured contracts worth RM69 million from Bank Negara Malaysia.  At the end of trading on 12 February 2019, GFM-WC closed at 20.5 sen while the mother share closed at 50 sen.

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