JSW edges higher

05 Jul 2011

Jastrzebska Spolka Weglowa (JSW) began trading in Warsaw on Wednesday, bouncing up as high as Zl140.9 a share at the open but succumbing to wider equity woes — the Wig20 closed down 0.8% — to finish the day flat to its offer price at Zl136, after for a brief moment trading at Zl135.8.

The government sold a 33% stake in the $1.92bn IPO which was priced on June 29.

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