rates.my
Sign in
A red and green candlestick trading chart on a screen
Investing

The close, not the open

United Asiapac Energy Share Price: 35 Sen to 27 Sen in Four Trading Days

RaymondRates.my2 min read

📊 Stocks in this story · tap for live chart & discussion

United Asiapac Energy’s ACE Market debut made headlines for opening “flat” at its 35 sen IPO price on 14 September. Bursa’s actual close, and the three sessions since, tell a different story.

The close, not the “flat” open

UNIPAC 0468 · ACE Market · debut day · RM0.310 ▼ 11.4% below its 35 sen IPO priceO 0.350 H 0.350 L 0.295 C 0.31014 Sep 2026 · Vol 40.79m0.280.300.320.340.36IPO price 35 sen0.31014 Sep 2026 (listing day)Volume, m shares15m30m45m40.79mSource: KLSE Screener, close 14 Sep 2026
14 September 2026, United Asiapac Energy’s first trading day. It opened at 35 sen, matching its IPO price, dipped to an intraday low of 29.5 sen, then closed at 31 sen — 11.4% below the IPO price, not the “flat” debut the opening print implied.
  • The “flat” headlines quoted the open, not the close — a pattern this site has now seen twice this month.
  • Oversubscribed 21.02 times before listing — retail demand didn’t carry through to the close.

Three sessions, three lower closes

UNIPAC 0468 · ACE Market · daily · RM0.270 ▼ 22.9% below its 35 sen IPO priceO 0.300 H 0.305 L 0.265 C 0.27018 Sep 2026 · Vol 11.16m0.260.280.300.320.340.36IPO price 35 sen14 Sep15 Sep17 Sep18 Sep16 Sep: no session (Malaysia Day)0.270Volume, m shares15m30mSource: KLSE Screener daily bars, 14–18 Sep 2026
14–18 September 2026, United Asiapac Energy's first four trading sessions (no session fell on 16 September, a market holiday for Malaysia Day). Each close came in lower than the last, ending the week at 27 sen — 22.9% below the IPO price.
  • Volume fell every session, from 40.8 million shares on debut day to 11.2 million by Friday.
  • 16 September had no trading session — Malaysia Day is a market holiday.
An offshore oil and gas platform standing in calm water
United Asiapac Energy runs well intervention services — fishing, plug and abandonment, sidetracking — for Malaysia's upstream oil and gas operators, from bases in Kemaman and Labuan. · Photo: Julia Taubitz on Unsplash

The numbers, laid out

Read why United Asiapac’s listing was delayed in the first place, or compare brokers for your next Bursa IPO application.

What to watch

  • OngoingUnited Asiapac is one of four ACE Market debuts this month — GTA Holdings and Butterfield FB also closed below their IPO price on debut day; Pioneer Heat closed above it.
  • Next debutWhether the next Bursa IPO breaks the pattern of “flat” or “down” headlines that quote the open, not the close.
Not financial advice. This is general information on United Asiapac Energy Berhad’s trading since listing, based on closing-price data from klsescreener.com and Rakuten Trade’s pre-listing research note, as at 18 September 2026 (the close). It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices with your broker before acting.

Sources & further reading

Ready to act on this?

Compare brokers for your next Bursa IPO application

Keep reading

InvestingMalaysian Finance Calendar: 21-27 September 2026InvestingZetrix's Group MD Has Cut His Stake From 15% to 6% Since AugustInvestingPioneer Heat Holdings Closed Its ACE Market Debut 20% Above the IPO Price

💬 Market Chat

Join the discussion — share your take on this with other Rates.my readers.

💬 Discussion

Your rating:
(optional)
Loading discussion…

This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

← All insights