* On debut voting share soars by 35% before closing up 15.2% or Rs. 3.50 to Rs. 26.50
* 41% of IPO volume and 9% of issued shares trade on opening day
* Bear run persists at Colombo bourse
LAUGFS Gas Ltd., (LGL) yesterday had a commendable debut with the price of its voting shares soaring by 35% before closing up 15% though the market failed to be enlightened as bear run continues. The new kid on the CSE opened trading at Rs. 31, which was the day’s highest reflecting a 35% increase from its IPO price of Rs. 23. With 30.8 million shares changing hands via 10,283 trades,
* 41% of IPO volume and 9% of issued shares trade on opening day
* Bear run persists at Colombo bourse
LAUGFS Gas Ltd., (LGL) yesterday had a commendable debut with the price of its voting shares soaring by 35% before closing up 15% though the market failed to be enlightened as bear run continues. The new kid on the CSE opened trading at Rs. 31, which was the day’s highest reflecting a 35% increase from its IPO price of Rs. 23. With 30.8 million shares changing hands via 10,283 trades,
