Thursday, November 19, 2009

Maxis Listing

Shares of Malaysia’s biggest mobile phone operator Maxis Bhd jumped on the company’s trading debut on Thursday, reflecting pent-up demand for the stock from local institutions squeezed out of its IPO allocations. The shares opened at 5.46 ringgit a share, 9.2 per cent above its IPO price of 5.00 ringgit ($1.49). It traded 50 million shares by 0102 GMT. Maxis priced its stock at 5.00 ringgit a share for institutional investors and 4.75 ringgit each for retailers, at the mid-to-lower end of the indicative range. The IPO, Southeast Asia’s largest ever, raised $3.3 billion. -- REUTERS

My Shares:

MSport due today - clear some at 51.5cent
waiting to clear another half

Other stocks - not active, must be patient
Plan to clear all

11.53am
MSport : all cleared at loss.
Others still struggling.

No comments:

Post a Comment