Metallurgical rises as trading kicks off in Shanghai

This is a discussion on Metallurgical rises as trading kicks off in Shanghai within the China News forum, part of the Doing Business in China category; Shares of China Metallurgical rose as much as 38 per cent on its first day of trading in Shanghai in ...

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Old Sep 20th, 2009, 11:50 PM   #1
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Default Metallurgical rises as trading kicks off in Shanghai

Shares of China Metallurgical rose as much as 38 per cent on its first day of trading in Shanghai in spite of a sell-off in the broader market.

Although the rise fell short of the spectacular gains made by previous initial public offerings in China this year, analysts said it was within expectations and showed investors were continuing to buy into new listings.

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