Wild swings in Dockyard share price

Friday, 4 July 2025 01:08 - - {{hitsCtrl.values.hits}}

The share price of Colombo Dockyard (DOCK) yesterday declined by 16.5% after on Wednesday (2), it shot up by 62% in its first day of trading since the announcement of proposed acquisition by India’s Mazagon.

DOCK saw 0.9 million of its shares traded via 1,818 trades for Rs. 91.37 billion before closing at Rs. 94.80, down by Rs. 18.70.

On Wednesday, 2.4 million shares of DOCK changed hands via 2,397 trades for Rs. 257.8 million. It hit an intra-day high of Rs. 122.50 and a low of Rs. 87.60, before closing at Rs. 113.50, reflecting a gain of 62% or Rs. 43.40. DOCK’s previous 52-week highest was Rs. 83.30.

Last week, India’s Mazagon Dock Shipbuilders Ltd., announced plans to acquire control of DOCK for $ 52.96 million subject to approvals.