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Shares of CSCEC jump 56.22% on debut

(chinadaily.com.cn)
Updated: 2009-07-29 16:39

China State Construction Engineering Corp (CSCEC), China's largest home builder, closed at 6.53 yuan on its first trading day, up 56.22 percent from its offering price of 4.18 yuan per share, but lower than its opening price of 6.7 yuan.

Related readings:  Giant Chinese IPO soars as trading starts  Chinese shares open lower on massive IPO  IPO fever helping to restore market confidence

The Shanghai-listed CSCEC made the world's largest initial public offering, by raising 50.2 billion yuan ($7.3 billion) last week.

Shares fell 5 percent to 3,266.43 points on July 29.