WHAT YOU THINK?
In terms of the SEC directive dated 14 September 2010, the 10% price band was imposed on Hunter as well as Alufab with effect from 8 June 2011 to 14 June 2011 (both days inclusive).
The 10% price band imposed on Singer Industries will be removed from today (8 June).
Orient Garments to list via introduction
The Colombo Stock Exchange has approved in principle an application submitted by Orient Garments Ltd. to list 54.916 million shares on the Diri Savi Board.
The listing is by way of an introduction, the CSE added. Orient will be the first fully-fledged apparel manufacturer to list on the Colombo Bourse, whilst there are several textile producers already listed.
The market also saw play on illiquid Hunter with Al Nakib selling 250,000 shares and Nimal Perera, Dilith Jayaweera and BoC on the buying side.