Shares in the world's largest aluminium producer Rusal jumped 6% last Thursday after several investment banks issued buy recommendations for the stock.
Rusal closed 6.2% up at HK$8.53 at the Hong Kong stock exchange, its highest price since Feb. 11. At the end of last year Rusal decided to list its shares on the Hong Kong stock exchange in order to pay its huge debt, thus incurring in the financial world's criticism and doubts.
By floating a 10.6 percent stake, Rusal raised $2.2 billion in this IPO and cut its debt from $14.9 billion to $12.9 billion.