Debutant duo delights

Thursday, 13 September 2012 02:42 - - {{hitsCtrl.values.hits}}

The two debutants on the Colombo stock market yesterday shined with sharp rises in their prices, though volumes of at least one were low.

By virtue of a 968% rise, George Steuart Finance topped the list of percentagewise gainers, whilst Asia Siyaka, with its 395% rise, was second.

George Steuart Finance saw its shares with a reference price of Rs. 20 opening trading at Rs. 200 hitting an intra-day high of Rs. 220 before closing at Rs. 213.70, up by Rs. 193.70. However, only 170 shares were transacted via 26 trades in a turnover of Rs. 36.3 million. GSF ended its debut with a market capitalisation of Rs. 4.8 billion.

The other debutant, Asia Siyaka, with a reference price of Rs. 2, started off with a price of Rs. 21.50 and peaked to Rs. 22 before closing the inaugural day at Rs. 9.90, up by Rs. 7.90.

Asia Siyaka was more active with 149,562 shares changing hands via 224 trades for Rs. 1.78 million. Its market capitalisation was Rs. 2.5 billion.

Both were listed via introduction and brought the number of companies listed on the CSE to 287.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.