HONG KONG -- Shares of Chinese state-owned oil company CNOOC rose by the maximum allowed 44% in early trading during its debut on the Shanghai Stock Exchange on Thursday.
Markets
CNOOC shares gush in Shanghai debut thanks to modest pricing
State oil company's stock quickly hits 44% maximum rise but skids in Hong Kong
CNOOC's strong open contrasts with weak starts in Shanghai for fellow state companies China Mobile and China Telecom. © Reuters
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