NEWLY-LISTED property developer Cebu Landmasters, Inc. rallied as much as 4 percent in the morning session of Friday on the Philippine Stock Exchange (PSE)  from its initial public offering (IPO) of P5 per share.

The stock, which trades under the ticker symbol “CLI,” continued to be supported toward the end of trading, finishing up 3.6 percent or 0.18 points to close at P5.18 per share.

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