Pact Group falls on debut

DataRoom: Packaging group sheds 8% in opening minutes of high-volume trade.

Raphael Geminder-chaired packaging empire Pact Group is struggling to find investor support on its debut, shedding more than 8% in the opening minutes of high-volume trade. It came shortly after fellow newcomer GDI Property Group shed more than 10% on debut.

Pact dropped 8.2 per cent at 1220 AEDT, five minutes after listing, against a broader benchmark index rise of 0.36%. At the time 4.96 million shares in the packaging group had changed hands.

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