Çağdaş Cam (CGCAM) breaks its ceiling after 3 days
Having completed its initial public offering on Borsa Istanbul last week with the approval of the Capital Markets Board (SPK), Çağdaş Cam began trading on December 17. Today, Çağdaş Cam broke its ceiling, triggering a circuit breaker on its shares. Here are all the details...
12punto
Çağdaş Cam (CGCAM), which began its first day of trading on December 17, broke its ceiling streak today after 3 days. Following the end of the ceiling streak, a circuit breaker was applied to its shares.
ÇAĞDAŞ CAM BREAKS CEILING
Although Çağdaş Cam started the day with a 3.68% increase, it soon moved into negative territory and experienced a decline of over 5%. Following this sharp movement, a circuit breaker was applied to the stock. As of 11:20 AM, CGCAM is trading at 25.68 TL, down 3.53%.
HAD PROVIDED A 29 PERCENT GAIN
CGCAM, which went public on December 11-12 at a price of 20 TL, had provided its investors with an instantaneous gain of 29% following the IPO. The company's IPO reached a size of 840 million TL, with a total of 42 million lots distributed.
NEW INVESTMENT DECISION MADE
In a disclosure to the Public Disclosure Platform (KAP) yesterday, Çağdaş Cam announced that it has made a new investment decision aimed at increasing the production capacity of high-energy-saving insulated glass at its facility in Aydın by 60%.