Newly listed Empire Premium Food Bhd made a strong entrance on Bursa Malaysia, closing its first trading day up 48.6% as robust investor demand drove heavy trading volumes.
The stock ended at RM1.04, a gain of 34 sen from its IPO price of 70 sen, with a hefty 266.5 million shares changing hands, placing it among the most actively traded counters of the day.
Momentum was evident from the opening bell, with the stock debuting at RM1.10 and surging as much as 57.14% in early trade. It later touched an intraday high of RM1.21 before easing, with a low of 99 sen recorded during the session.
By midday, Empire Premium was still holding firm at RM1.06 on 217.3 million shares traded, underscoring sustained buying interest throughout the day.
The strong debut reflects continued appetite for IPOs on Bursa Malaysia, particularly for consumer-linked plays, as investors chase growth stories with scalable business models.
Overall, Empire Premium’s stellar debut signals healthy IPO sentiment and ample liquidity in the market, though sustaining such gains will depend on the company’s ability to deliver on earnings growth post-listing.
Meanwhile, BusinessToday had the opportunity to interview Empire Premium Chief Executive Officer Nicole Lim regarding the company’s market debut, and this was her response.
