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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.
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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%.
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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.
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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%.
News Source : 12punto
