For the second time in three weeks, the Colombo stockmarket went berserk with a large number of a particular stock being traded almost equal to the total number available in the public domain.
On Thursday 147 million shares were traded in Hotel Reefcomber whereas the company has just 157.3 million shares. On July 1, 130.2 million shares of Blue Diamond were traded when it has only 102.2 million shares.
Brokers at the time said this could possibly be the first time in the Colombo bourse that a higher number of shares of a stock were traded than the total number of shares in issue, and called it an extremely rare event. |
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