Friday, September 30, 2011

AAIC hits Rs.350

Shares of Asian Alliance Insurance PLC (AAIC) continuing its dramatic upswing hit another record high of Rs.350.70 yesterday, breaking all previous records.

The share opened trading at Rs.235 and closed at just 10 cents below the all time high.

The total number of shares traded during the day was 787, 700 and only one crossing of 100, 000 shares at Rs.250 was recorded. The total turnover contribution was Rs.234 million.

According brokers, this was the highest volume of AAIC traded since Softlogic Holdings and/or Softlogic Capital divested 1.5 million shares at Rs.121, which was not yet disclosed the Colombo Stock Exchange.

After trading hours, the regulator’s 10 percent price band was imposed on AAIC.


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