AusRAIL, Market Sectors

Asciano shares trip the light fantastic on debut

<p>Toll Holdings’s spin-off Asciano’s stapled securities made a sparkling stock exchange debut yesterday (Wednesday, June 6), finishing the day’s trading at $10.76, after starting at $10.35.</p> <p>Toll shares, by contrast but as expected, fell 44.22%, from $23.77 to $13.26.</p> <p>Media reports had analysts explaining market sentiment that Asciano was more prone to takeover.</p> <p>At the end of trading, Asciano had a market capitalisation of $6.83bn and Toll $8.42bn, AAP reported.</p> <br />