Despite being slapped with the regulator’s 10 percent price band, 15.5 million shares of highly speculative Tess Agro PLC (TESS) traded on the CSE yesterday, contributing Rs.90 million to the day’s turnover.
The share opened at Rs.5.50 and hit a high as Rs.5.80. The closing price of the TESS share was also Rs.5.50.
According to analysts, TESS share traded as low as Rs.3.50 during the latter part of the last week.
However the fist two days of this week witnessed a TESS rally, as 65 and 31 million shares traded last Monday and Tuesday respectively.
As per the unaudited FY11, TESS recorded an Earnings per Share of 11 cents and a Book Value per Share of Rs.1.67 as at March 31, 2011.
The company has 180 million shares in issue.
source - www.dailymirror.lk
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