Bumi Armada Bhd shares rose as much as three sen or 19% to 19 sen so far today after CIMB Research said Bumi Armada's difficult debt refinancing talks with banks are ongoing and that the probability of banks calling a default on the loans is low.
At 11:07am, the oil and gas support services provider's shares topped Bursa Malaysia's active list. Bumi Armada saw a turnover of some 158 million shares.
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