More foreign buying on Expolanka

Wednesday, 7 May 2014 00:51 - - {{hitsCtrl.values.hits}}

Expolanka Holdings Plc led foreign buying for the second consecutive day as the counter came under heavy trading. Expolanka saw 23 million of its shares traded for Rs. 239 million. Net foreign buying amounted to 4.3 million shares worth Rs. 44.3 million. On Monday EXPO saw Rs. 117 million worth of foreign buying. Softlogic Stockbrokers said EXPO which has enticed buying interest during the concluded 7 trading days has seen near 64 million shares (around 3% of the counter) in total being traded, as against its 12-month average daily share volume of 1.2 million shares. Renewed activity has driven the counter from Rs. 9.50 to Rs. 10.30. However the counter witnessed slight selling pressure yesterday mainly among the widespread investor fraternity, where the counter shed ground marginally from its 52-week high of Rs. 10.80 on Friday to high of Rs. 10.50.

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