China Everbright Sec jumps 42 pct in Shanghai debut

SHANGHAI Aug 18 (Reuters) - Shares in China Everbright Securities Co (601788.SS), which raised 11 billion yuan ($1.61 billion) in its Shanghai IPO, rose 42 percent in their Shanghai debut on Tuesday, at the high end of expectations but weaker than last month's sizzling debuts, after a market rally stalled.

Local-currency A shares in China's 10th-largest brokerage opened at 30 yuan on their first day of trade on the Shanghai Stock Exchange, up from their IPO price of 21.08 yuan. A survey of analysts by the official China Securities Journal had forecast the shares would trade at 25 to 30 yuan.

Two large IPOs listed in Shanghai late last month by China State Construction Engineering Corp (601668.SS) and Sichuan Expressway (601107.SS)(0107.HK), the first since the lifting of a 10-month suspension of mainland IPOs, surged on their trading debuts.

China State Construction opened 60 percent higher than its IPO price on its first day of trade and Sichuan Expressway rose 111 percent, although both shares, while still well above their IPO prices, have steadily retreated since then. ($1=6.834 Yuan) (Reporting by Edmund Klamann; Editing by Jonathan Hopfner)