LAUGFS lights up Bourse

What is believed to be its first equity investment, LAUGFS Holdings yesterday entered the market by picking up shares in Citrus Leisure and Ceylon Grain Elevators whilst shares in it were bought by two major players in the Bourse. On a day which turned out to be negative overall for the Bourse, deals on LAUGFS Gas involving 6.36 million shares changed hands via 642 trades and accounted for the highest turnover of Rs. 345.4 million. Within the quantity traded were three crossings of 4.6 million shares at Rs. 55 each. Among buyers of LAUGFS were high networth investor Nimal Perera whom brokers said bought around 2.3 million shares and Perpetual Capital of Arjun Aloysius fame bought 2.4 million shares..