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<IPO> HAIWEI ELEC(09609.HK) Closes Down 23% to $11
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On debut today, HAIWEI ELEC(09609.HK) opened at $13.5, down 5.5% from the listing price of $14.28. Peaking/ bottoming at $13.5/11, the stock closed at $11, down 23% from the listing price of $14.28, on volume of 16.12 million shares and turnover of $220.68 million. Excluding handling fee, the book loss was $656 per board lot size of 200 shares.

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