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Jusco drops after impressive debut

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Carrie Lee

JUSCO Stores (Hong Kong) was the day's biggest loser, dropping 10.11 per cent or 22.5 cents to $2, after its 39 per cent gain on its market debut on Friday.

It had a turnover of $12.55 million as 5.78 million shares changed hands yesterday.

Meanwhile, the All Ordinaries index plummeted 5.34 per cent or 327.31 points to 5,800.98. That compares with the 6.11 per cent drop in the Hang Seng index.

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The top 10 percentage gainers were non-blue chips, whereas index constituent stocks accounted for four entries on the 10 worst performers list.

Third-line stocks fared a little better than the index constituent stocks, although both were caught in the general fall.

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The total volume of index constituent stocks was 165.12 million shares, accounting for 12.8 per cent of total market volume.

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