MANILA, March 24 (Bloomberg): Alternergy Philippine Holdings Corp had a lacklustre debut on Friday as investors shied away from the South-East Asian nation’s first listing for the year amid high interest rates.
Shares of the renewable energy holding company fell as much as 5.5% from its initial public offering price of 1.28 pesos before turning flat at midday, with nearly 110 million shares changing hands. The benchmark stock index rose 0.5%.
Already a subscriber? Log in
Subscribe now and stand a chance to win prizes worth over RM40,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
