Thursday, July 5, 2012

No shine for Beruwala Resorts at debut closing

Beruwala Resorts Ltd., which initiated trading yesterday, advanced to touch a high of Rs. 5.50 (up 37.5%) during the first hour of trading, but witnessed a sharp plunge thereafter, to close below its introductory price at Rs. 3.50 (- 12.5%).

Around 3.3 million shares of the company changed hands via 908 trades for Rs. 13.76 million turnover.

source - www.ft.lk

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