Colombo Land and Development Plc (CLND) ruled the bourse for fourth consecutive day, with heavy share trading amidst much retailer interest. Fourteen million CLND shares traded yesterday, contributing Rs.534 million to the day’s turnover. CLND was the number one contributor to the turnover during last four days.
The share closed at Rs.38.3 with no sellers on the board, up by 9.7 percent due to 10 percent price band on the stock.
Only one crossing of 4.05 million shares at Rs.38.3 was recorded for the day. Emagewise led by Dilith Jayawaeera and Varuni Amunugama bought 21 percent of CLND, in a deal worth over Rs.800 million last Friday. Since then, hype on the stock has not ceased. CLND has 199.9 million shares in issue.
source - www.dailymirror.lk
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