Absence of high networth investors Nimal Perera and Dilith Jayaweera on the buying side of the Colombo Bourse is conspicuous this week with some even linking to market’s downfall and poor turnover.
Whilst Dilith hasn’t been active most part of the week Nimal was seen on the selling side of Regnis.
The latter began selling Regnis on Tuesday and continued yesterday as well, out of his holding of 500,000.
Regnis share price has been on the slide since Tuesday. Last week Regnis was the fifth biggest gainer with 136% increase to Rs. 440.20 whilst on Monday it peaked to Rs. 493. By yesterday it had dipped to Rs. 434.70.
source - www.ft.lk
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