Top Financial Stocks
Financial stocks are lower with the NYSE Financial Sector Index
sinking 1.4% and the S&P Financial 100 Index off 1.7%.
In company news, China Commercial Credit Inc. (
) is extending its post-IPO rally to a second day, currently
trading up nearly 31% at $16.30 a share, climbing as high as $19.39
for a 55.7% advance during today's session.
The microcredit company finished with a 91.5% gain at $12.45 a
share on Wednesday in its market debut after pricing its initial
public offering of 1.37 million shares of its common stock at $6.50
apiece - the mid-point of expected price range.
The deal generated around $7.54 million in net proceeds, which
the company will use to support its lending and guarantee
In other sector news,
(+) SPPR, (+2.9%), Split-Adjusted) Executes 1-for-8 reverse
split of its common stock announced last night.
(-) MPW, (-6.25%) Prices public offering of 10 mln shares of
common stock at $12.75 each. The company last night also announces
plans for a $150-mln offering of senior notes due 2022. Proceeds
will be used to fund acquisition of three acute-care hospitals from
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