Japan Airlines makes modest market return

Japan Airlines re-listed in Tokyo today, with its shares closing one per cent above the IPO price.

The $8.5bn (£5.2bn) IPO, the second-biggest listing this year, comes less than three years after the carrier collapsed into bankruptcy.

Shares in Japan Airlines opened around three per cent higher than the IPO price of 3,790 yen, and closed 1.1 per cent higher at 3,830 yen.

Trading volume totalled around 40m shares worth $2bn.