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Monday, July 18, 2011

Share rises to new peak of Rs. 126; Ends week up 69%

Swarnamahal Financial Services Plc last week established a new high at Rs. 126 surpassing the 26 May debut peak of Rs. 100.

The company saw 4.8 million of its shares change hands last week via 4,329 trades for Rs. 465 million. It hit an intra-week high of Rs. 126 before closing at Rs. 124.10, up by Rs. 50.90 or 69.5% thereby topping the list of percentagewise gainers last week.

On its debut SFS with a reference price of Rs. 11.40 rose to dizzy heights of Rs. 100 before closing at Rs. 44, still up by a massive 286% with 682,600 shares traded.

source - www.ft.lk