Shares of bedding maker Casablanca and mainland property firm CIFI headed in opposite directions on their Hong Kong debut yesterday, indicating fresh investor appetite for the domestic consumer sector at the expense of bubbly real estate.

Shares of Casablanca soared more than 9 per cent to HK$ 1.64 on the first trading day, while the credit-strapped developer CIFI fell 1.5 per cent below its offer price of HK$ 1.33.