BCA has lacklustre trading debut

The initial public offering of Indonesian PT Bank Central Asia got off to a lacklustre start on JakartaÆs stock exchange, with the shares getting bid up no higher than Rp 50 rupiah or 3.6% higher than its 1,400 rupiah ($1.64) initial share price. Analysts described its trading debut as ôencouragingö though, saying despite the performance, more banks would head to the equity markets to raise new funds.