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Bangsaphan gains 2.6% on debut.

Bangkok Post (Bangkok, Thailand)

| February 02, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Ploy Chitsomboon

Feb. 2--Bangsaphan Barmill continued the recent healthy performance by new share listings, gaining 2.6 percent over its initial public offering price in its debut on the Stock Exchange of Thailand yesterday.

Shares of the steel bar producer closed at 3.90 baht, up 10 satang from its IPO price of 3.80 baht per share. Turnover was active at 1.12 billion baht.

The stock opened the day at 4.50 baht, up 18 percent from its IPO price and reached a high of 4.56, before giving ground in the afternoon session. The SET index, meanwhile, closed at 708.73, up 6.82, in trade worth 21.41 billion baht.

Veerawit Tulalamba, the ...

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Source: HighBeam Research, Bangsaphan gains 2.6% on debut.

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