In-house Fund collects rare quantity

Thursday, 8 March 2012 00:29 - - {{hitsCtrl.values.hits}}

Relatively illiquid Ceylinco Insurance voting share last week saw its most active trading of late with in-house Pension Trust Fund picking up the bulk.

Around 29,000 voting shares of Ceylinco Insurance traded last week of which 25,000 changed hands on Friday at Rs. 690 each up from Rs. 684.70 closing the previous week. The Ceylinco Insurance’s Pension Trust Fund was the buyer increasing its stake to 1.88%.

Despite the small stake it is the 11th largest shareholder of Ceylinco Insurance whilst Ceylinco Insurance’s Employees Gratuity Trust Fund has 9.06% and is the fourth largest shareholder.

The duo’s combined stake is now 11%, up from 10.8% as at end 2011. On Tuesday, Ceylinco Insurance voting stock closed one rupee up to Rs. 689.90 with 200 shares traded whilst on Monday, 500 shares traded before closing up by Rs. 28.90 from Friday’s close.