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AsiaPhos shares surge 58% in trading debut

This makes it the best performing IPO so far this year

PHOSPHATE miner AsiaPhos' shares closed 58 per cent above its offer price of 25 cents in its trading debut yesterday, making it the best performing initial public offering so far this year in percentage terms. The counter hit an intra-day high of 48.5 cents about an hour after opening at 42