Philippines' Maynilad closes lower in debut as weak GDP data weighs

Shares in water utility fall 0.13% after country's biggest IPO in 4 years

20251107 Water Services

Water Services President and CEO Ramoncito Fernandez, left, speaks during a press conference in Manila on Nov. 7. (Photo by Yuki Fujita)

RAMON ROYANDOYAN

MANILA -- Shares in Philippine utility Maynilad Water Services edged lower in their market debut on Friday, following the country's largest initial public offering in four years.

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