JAKARTA -- Shares in the Indonesian arm of Malaysia-based home improvement retailer Mr.DIY Group experienced a bumpy ride in their local stock market debut on Thursday, falling 25% first and rebounding later to close higher.
IPO
Shares in Indonesian arm of Malaysia's Mr.DIY volatile in debut
Listing comes as purchasing power declines in Southeast Asia's largest economy
A Mr.DIY shop in Bangkok. The region's largest home improvement retailer has more than 4,000 stores globally. (Photo by Yuki Kohara)
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