Wynn Macau shares advance in Hong Kong debut

Shares of casino group Wynn Macau Ltd. climbed in their Hong Kong trading debut Friday, meeting expectations for a positive start as investors embraced what is viewed as a leveraged play on Chinese discretionary spending.

At the midday break, Wynn Macau /quotes/comstock/22h!1128 (HK:1128 10.78, 0.00, 0.00%) shares were at 10.94 Hong Kong dollars ($1.41), or 8.5% above its initial public offering price of 10.08 Hong Kong dollars. During the morning session, the shares traded as high as 13% above the IPO price.

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- Posted: 2009-10-09 12:39:14

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