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VELESTO-WA: Attracting Interest As Company Returns to Black

Velesto Energy Berhad attracted some investors’ interest as we enter the month of September after the Group recorded a turnaround in the second quarter of 2019.  Velesto has been suffering losses in the last four financial years and this turnaround together with more optimistic outlook provided by the company improved sentiment on the stocks.  Despite a surge in intraday trading to as high as 32 sen on 3rd September, Velesto mother share ended the day flat at 30.5 sen while the company warrant VELESTO-WA dropped 0.5 sen to close at 11 sen.

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