KUALA LUMPUR (Feb 28): Pharmaniaga Holdings Bhd opened at 22 sen in Tuesday (Feb 28) morning trade on Bursa Malaysia, down 50% from its closing price of 44 sen on Monday, after it announced that a whopping RM552.3 million impairment for its Covid-19 vaccines which plunged the group into its deepest quarterly losses ever.

The pharmaceutical group’s shares pared some losses at 9.40am, settling 19 sen or 43.18% lower at 25 sen, giving it a market capitalisation of RM321 million.

Trading of the counter swelled to 41 million shares, 358 times its average daily trading volume of 114,439.5 shares. 

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