China Tobacco Soars on Second Trading Day, Taking Gains Since IPO to 55%
Dou Shicong
/SOURCE : yicai
China Tobacco Soars on Second Trading Day, Taking Gains Since IPO to 55%

(Yicai Global) June 13 -- China Tobacco International, a unit of China's state-owned tobacco monopoly and the first cigarette maker to list in the country, surged on its second day of trading to take the total gain since yesterday's debut to 55 percent. 

The stock price [HKG:6055] climbed 41 percent today to close at HKD7.54 (95 US cents), giving the subsidiary of China National Tobacco, the world's biggest cigarette maker, a market capitalization of HKD5.02 billion. Turnover was HKD1 billion.

Yesterday, the shares ended 9.6 percent above the initial public offering price of HKD4.88.

Editor: William Clegg

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Keywords: China Tobacco International Inc. , IPO