HAIWEI ELEC (09609) saw its stock price plummet by 10.78% during the intraday session on Friday. The sharp decline followed the company's Hong Kong debut, where shares opened at HK$13.5 each, significantly below the offer price of HK$14.28 apiece.
The lower debut price reflects investor sentiment and market conditions, leading to a substantial drop in the stock's value shortly after trading began.
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