Eagle Cement Corporation, the 4th largest cement producer in the Philippines, rallied 6.67 percent in opening trade on its first trading day on the Philippine Stock Exchange (PSE) on Monday from its initial public offering (IPO) price of P15.
The stock, traded on the PSE under the ticker symbol “EAGLE,” pared its gain toward the end and closed at P15.30 per share, up 2 percent from its IPO price.
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