Tuesday, September 6, 2011

Diamond speculation!

The highly speculative Blue Diamond Jewellery Worldwide’s non-voting shares (BLUE-X) dazzled the Colombo bourse as BLUE shares amounting to more than its issued share capital traded yesterday.

BLUE-X has only 153.4 million non-voting shares in issue. However, the market yesterday witnessed the trading of 173.6 million BLUE shares. The share closed as the number one contributor to the day’s turnover with Rs.906 million. BLUE share opened at Rs.3.9 and went up as high as Rs.6.30. The share closed at Rs.6.10. The previous close was at Rs.3.70.

Brokers said that BLUE-X was totally driven by the retailers, as there were no crossings recorded despite over 170 million shares traded. Largest single share trade was for 627, 700 shares. The voting shares of BLUE also went up 10 percent during the day, closing at Rs.12.30. The volume traded was 16 million shares.

source - www.dailymirror.lk

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