Civil Engineering’s Share Falls 2% on Its First Trading Day in Thai Market

The brand-new stock Civil Engineering made a quite-sluggish debut on the Stock Exchange of Thailand today, as the share price ended up 2% down from its IPO price.

The share price of Civil Engineering Public Company Limited, or CIVIL, closed at THB4.50/share, or down THB0.10/share or 2.17% from its initial public offering price (IPO) of THB4.60/share, with a trading value of THB2,243 million.

CIVIL is a construction company. It is mainly engaged in horizontal construction projects such as highway and road construction, rail system building, airport and dam construction, as well as the sale of construction materials.