Robust trading raise investor confidence
Robust trading-day gains for the Asia Asset Finance share seems to
have raised the confidence of all investors.
|
Opening trading at the SEC today are Standing left to right:
Daya Muthukumarana (Director - Asia Capital PLC), Priyanthi
Pieris (Director - Asia Asset Finance Ltd), Roshan
Gunasekera (GM - Asia Asset Finance Ltd), Thiru Neelakandan
(DGM - Asia Asset Finance Ltd), Rajiv Gunawardena
(CEO - Asia Asset Finance Ltd), Stefan Abeyesinhe (Acting
Group CEO - Asia Capital PLC) and Sivaneswaran
Sokanathan. Seated: Manoharan Nanayakkara (Chairman/
MD - Asia Capital PLC). |
This could be gauged by the overwhelming response to the listing
which was trading yesterday at an opening share price of Rs. 3.00 - 20%
above the initial offering, and closed at an even higher price of Rs.
4.30 by end of day, which is a 72% increase within the course of just
one day.
This is the first trading of stock by a private company to the public
for the year 2012. The confidence gained from this success is expected
to help stabilize the market and help restore investor confidence after
a volatile performance in the last half of 2011. |
