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Zijin Mining Up 95% In Runaway IPO, Finance Still High On Mediocre Market
600030.SH, 600109.SH, 600837.SH, 601899.SH, Citic Securities, Haitong Securities, Sinolink Securities, Zijin Mining Group
Editorial Summary
The Shanghai Composite Index fell 0.71 percent to close at 3,557.749, while the Shenzhen Composite Index grew 1.4 percent to 1058.42 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 184.72 billion and RMB75.73 billion, respectively.
Zijin Mining Group (601899.SH) shares increased 95 percent from the company's initial offering price of RMB 7.13 to close at RMB 13.92 on Friday. Shares grew as much as 200 percent before they were requested to cease trading at 14:26 by the Shanghai Stock Exchange, reports Sina.
Despite marginal overall market performance, securities stocks relived yesterday's upturn with shares of Citic Securities (600030.SH), Haitong Securities (600837.SH), and Sinolink Securities (600109.SH) soaring 9.99 percent, 9.99 percent and 10.01 percent, respectively.
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