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Thursday, April 21, 2011

Another illiquid run at Colombo bourse

By Jithendra Antonio

Though the Colombo stock market remained dull since New Year holidays, investors seem had shown an interest to a number of illiquid, unpopular stocks last few days.

Yesterday, the market saw many investors grabbing shares that never moved since the beginning of this year, ignoring popular stocks such as Bairaha Farms (BFL), Three Acre Farms (TAFL), and Ceylon Grain Elevators (GRAN).

Paragon Ceylon PLC (PARA), Colombo Pharmacy (PHAR), Harischandra Mills (HARI), Printcare (CARE) were up 43.36% , Huejay International Investments (HUEJ) up 40.19%, Mercantile Shipping (MSL) up 28.69% and Lake House Printers and Publishers (LPRT) up 27.58% during the day.

Paragon Ceylon (PARA) shot up to Rs.675 an increase of Rs.225 (up 50%), followed by Colombo

Another illiquid run Rs.223 to Rs.3,370 and Harischandra Mills (HARI) closed at Rs.1,600 (up Rs.100). There were 85 gainers and 107 listed losers adding to the market turnover of Rs.1.79 billion.

However, the highest traded volumes were from Nation Lanka (CSF) with 8.613 million shares, Free Lanka Capital Holdings (FLCH) 19.55 million shares and SMB Leasing PLC with 10.2 million shares.

source - www.dailymirror.lk