South China Morning Post
AsiaPac · 3 hrs ago
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Cathay Pacific debuts on Hong Kong Stock Exchange in 1986 – SCMP archive
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Cathay Pacific Airways made a significant debut on the Hong Kong Stock Exchange in 1986, generating $446 million in turnover on its first day of trading—more than all other shares combined—though the broader market remained subdued.
Cathay Pacific debuts on Hong Kong Stock Exchange in 1986 – SCMP archive
Turnover soars as Cathay takes off
By Jerry Norton
This article was first published on May 16, 1986
Cathay Pacific Airways had a memorable take-off in the stock market yesterday, accounting for a massive $446 million worth of turnover, more than the combined value of all other shares traded.
The action in the rest of the market was strictly pedestrian, however, as the excitement over Cathay failed to spill over to other shares and the Hang Seng index dropped 27 points.
In volume terms, 86.6...
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