Cemex debut dominates tradeGains 3.16 % on first dayTHE highly anticipated initial public offering of Cemex Holdings Philippines Inc. kept most investors focused on the stock on its debut on Monday, dominating the market to post a moderate closing gain in heavy trade volume. The broader All Shares index shed 0.39 percent or 18.86 points to close at 4,822.44. Trade in the IPO stock was active, with 264.9 million shares changing hands, accounting for about 17 percent of the PSE’s total volume on Monday, and about 33.8 percent of turnover value. Roxas noted that because of Cemex’s debut in the PSE, investors’ attention was significantly divided in favor of Cemex, thus, neglecting other important stocks traded on the exchange. “I think it [Cemex] did surprisingly well.

Source: Manila Times July 18, 2016 13:41 UTC