Friday, October 7, 2011

E-Channelling tops turnover

Showing its appetite for speculative stocks further, heavy play continued on E-Channelling shares, as the healthcare IT company topping the turnover again with Rs.166 million for the second consecutive day.

According to the Colombo Stock Exchange’s (CSE) data, 17 million shares of ECL traded. The share opened at Rs.10.10 and peaked to Rs.10.40 before closing at Rs.9.40.

Heavy trading also comes after the purchasing of over 25, 000 ECL shares by its major shareholder British American Technologies (BAT) on Wednesday. BAT also bought   2.4% stake or three million shares last Friday at Rs. 8 each on top of collecting around one million shares previously since August.

In August 2011, ECL announced to the CSE that it had earned a capital gain of Rs.62.8 million  by trading Blue Diamond Jewellery Worldwide PLC shares.

ECL’s FY 11 Earnings per share (EPS) was only 7 cents and the Book Value per share at March 31, 2011 was 64 cents. The company made a net profit of Rs.8.3 million for the FY11.

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