PCH in successful debut

PCH Holdings Ltd has performed well in debut on the Colombo Stock Exchange's Diri Savi Board yesterday as a diversified holding. The first day of the listing for PCH was successful and the share value ended at Rs 14 above the introductory price of Rs 10.

"We are happy with the progress made by the PCH shares in the first trading day where the introductory price was Rs 10. The shares went up to Rs 30 before ending at Rs 14 at the end of the day, PCH Holdin gs Chairman S.H.M. Rishan told Daily News Business.

"Keen appetite was shown in the PCH shares and the demand is positive considering the declining trend in the market. Though, this was not an appropriate time we went ahead with the listing in accordance to the share holder request," he said.

Over 90 percent of the shares were traded at Rs15 and Rishan termed the debut as an excellent occasion to test the confidence in the market. (SJ)