Alarko Holding's president is serene despite steep drop in firm's shares
Article Abstract:
Turkey-based Alarko Holdings AS's president Uzeyir Garih has expressed optimism that the construction company shares of stocks will recover from the decline in its value. Garih likewise pointed out that the sharp decrease in the value of the firm's shares is not that unusual and is all part of the workings of the market. The company's president attributes the decline to misinformed investors who think that the firms have major holdings in Russia, although majority of its interests are in the Commonwealth of Independent States. The value of the company's shares have declined by about 50% in 1998 on account of the economic and political uncertainty in Russia.
Comment:
Its president Uzeyir Garih has expressed optimism that co stocks will recover from decline in its value
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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New ABB shares drop on first day on profit-taking
Article Abstract:
ABB Ltd. saw its new single share value fall by 5.8% from its initial price. The fall occurred on the stock's first day of trading. The share value decline was attributed to profit-taking and a proposed increase in capital. ABB's share value fell to 144 Swiss francs (90 euros). This was a drop from 8.87 francs from the 152.87 franc reference price that was established on June 25, 1999.
Comment:
New single share value falls 5.8% from initial price
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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