Sanasa which saw its shares trade for the first time yesterday though listed on Main Board last week, opened at Rs. 375 whilst touching a high of Rs. 770 and a low of Rs. 360 before closing at Rs. 125, unchanged from its reference price. Only 204 shares of Sanasa traded. Yesterday’s debutant Commercial Leasing with a reference price of Rs. 5 saw a number of large trades with a cumulative volume of 3.75 million shares changing hands. It started at Rs. 5.30 which was also its highest and closed at Rs. 3, down by Rs. 2.
Despite losing 40% in value, Commercial Leasing on debut joined the top 20 most valuable league with a market capitalization of Rs. 19.1 billion or 1.05% of the total. Commercial Leasing, which posted a profit before tax of Rs. 3.2 billion in FY12 was also way above its parent LOLC which was placed 30th yesterday with a market capitalisation of Rs. 13.59 billion.
Both debutants were listed via introductions whilst tomorrow Orient Financial Services Corporation Ltd., will go on the Diri Savi Board.