Bank traded flat in HK debut


  • AseanPlus News
  • Monday, 31 Oct 2005

HONG KONG: The mainland's third-largest bank China Construction Bank (CCB) made a flat trading debut on Thursday with its share price ending at HK$2.35 (RM1.15), unchanged.  

The sluggish market environment has been blamed for the lack-lustre performance of the lender, which raised US$8bil (RM30.35bil) in its initial public offering last week, the world's largest in the past four years.  

The stock rose by 1.06% from HK$2.35 to HK$2.375 (RM1.16) at midday, but slipped down to the starting price later.  

A total of 3.367 billion shares changed hands, involving HK$8.58bil (RM4.2bil).  

CCB's shares were up 1% before they started trading on the Hong Kong Stock Exchange on Thursday. – China Daily  

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