Friday, September 23, 2011

Regnis shares hit record high

Regnis (Lanka) PLC (REG), shares hit record high yesterday with the news that some high net worth investors are interested in the stock.

Consequently 826, 400 REG shares or 17 percent of the company traded at the average price of Rs.246.60, contributing Rs,264.6 million to the day’s turnover.

The shares opened at Rs.235, hit an intra-day record high of Rs.290 and closed at Rs.275.  REG has only 4.83 million shares in issue.

According to analysts, REG has been trading on above average volumes during the past with todays being the highest in the past month.

They further pointed out the share price was as low as Rs.166 as at September 15, 2011.

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