STOCKS NEWS INDONESIA-Pelayaran Nelly soars on debut

Shares in Indonesian shipping firm PT Pelayaran Nelly Dwi Putri Tbk gained as much as 45.8 percent after its trading debut on Thursday.

Pelayaran Nelly was the seventeenth company to list on the Indonesian stock exchange this year. Its IPO, which aimed to raise 58.5 billion rupiah ($6.10 million), was priced at 168 rupiah a share. Most of the proceeds will be used to buy new ships and for business expansion.

The stock was trading at 188 rupiah with a volume of 103.7 million shares traded. The Jakarta Composite Index was down 0.17 percent.

($1 = 9,592 rupiah) 1029 (0329 GMT)

(Reporting by Andjarsari Paramaditha; Editing by Sunil Nair)

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