Wednesday, September 28, 2011

AAIC shares hit another record high

The shares of Asian Alliance Insurance PLC (AAIC) yesterday hit another record high of Rs.234.60, surpassing the previous high of Rs.221.60.The share opened trading at the previous day’s closing/highest price of Rs.221.60 and closed at Rs.233. The lowest price it traded during the day was Rs.215.10.

In contrast to the previous day’s trading, where the single largest trade was only 5, 000 shares, there were two crossings of 100, 000 shares and 98, 900 shares, both at Rs. 234.

Total volume of shares traded was 355, 300. The 10 percent price band imposed on the share will be removed today.

Following Richard Pieris group divesting 25 per cent stake at the mandatory offer, Softlogic Holdings PLC and Softlogic Capital PLC together held 98.59 per cent of AAIC.

On September 20, 1.8 million AAIC shares traded with two crossings of 750, 000 shares, each at Rs.121, which were believed to have bought by investor Dilith Jayaweera.

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