Expolanka Holdings, a global diversified conglomerate rooted in Sri Lanka explained about the unusual trading activity in the securities of the company, to the Colombo Stock Exchange (CSE) today(16).
In a letter to Nilupa Perera, Head of Trading Operations, Market Surveillance & Corporate Affairs- CSE, Group Director-Finance of Expolanka Holdings PLC, Mushtaq Ahamed confirmed that there is no undisclosed price- sensitivity information in relation to Expolanka Holdings PLC or any other reason which may have caused the unusual trading activity as observed by the Colombo Stock Exchange ( CSE), without being published on CSE.
As of today (16 September 2020) 49.77 million shares of Expolanka were traded at a price range of between Rs.8.60 and Rs.10.30.
On 13 May 2020, a share was trading at Rs.1.80. Currently, it has quadrupled, in just four-month period.
Source From biz.adaderana
Author: Isma Izzath
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