KUALA LUMPUR (Feb 23): Property developer Sentoria Group Bhd made a lacklustre debut on the on the Main Board of Bursa Malaysia on Thursday, opening at at 84 sen or one sen below its offer price of 85 sen.

At the opening bell, there were 300,000 shares transacted.

The FBM KLCI was down 2.43 points to 1,558.09. Turnover was 44.52 million shares done valued at RM13.50 million. There were six gainers, 50 losers and 144 stocks unchanged.

The property developer is the first company to list in 2012.Its offer of 20 million new shares at an 85 sen each to the public was oversubscribed by 5.4 times.

The vendors had also placed out 30 million shares at 87 sen per share.

RHB Research Institute had accorded a fair value of 92 sen based on a 30% discount to its sum-of-parts valuation.