CAPITAL MARKETS

Kingwest eases on first day

KINGWEST Resources did not set the world alight on its first day of trading on the Australian Securities Exchange, with its shares almost immediately losing value, albeit on a day the markets took a dent as Australians watched the nation gain its seventh prime minister in 11 years.

Kingwest dipped on debut.

Kingwest dipped on debut.

Shares in Kingwest hit the bourse A1c below the initial public offer price in early trade, before settling in to spend the afternoon between 18-19c. It closed down at 17.5c after a last minute plunge,...

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