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Tuesday, June 28, 2011

ERI Group firms dominate percentagewise gainers list

In a rebound of sorts several securities of the ERI Group yesterday dominated the list of gainers percentage wise.

Several warrants of Ceylon Leather occupied the 2 to 4th positions with gains ranging between 50% and 46% followed by ERI warrants ranging from 41% and 32% whilst Ceylon Leather gained by 23%, ERI by 19% and Dankotuwa Porcelain by 15%.

ERI emerged second highest generator to turnover with Rs. 165.5 million whilst ERI W0002 and Dankotuwa produced fourth and fifth highest.

TKS Securities said Environmental Resources Investments (Voting and Warrant 0002) saw renewed all rounder interest to gain 19.2% and 41.6% respectively whilst Distilleries and Dankotuwa Porcelain witnessed institutional investor interest.

Asia Wealth said retail interest was evident in Environmental Resources Investment to see a price appreciation of 19.2%, whilst Environmental Resources Investment (W) on the back of similar interest witnessed a price appreciation of 41% to close at LKR27.40.Dankotuwa Porcelain witnessed renewed high net worth and retail interest to close at LKR.46.60, with a price appreciation of 15.5%.

source - www.ft.lk