Saturday November 25, 2017
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Sri Lankan shares up, deal in Ascot Holdings

Oct 24, 2017 17:45 PM GMT+0530 | 1 Comment(s)

ECONOMYNEXT – Sri Lanka’s benchmark stock index closed higher Tuesday with Ascot Holdings gaining sharply on foreign buying, brokers said.

The All Share Price Index rose 19.94 points (0.30%) to close at 6,590.50 while the more liquid SP SL20 index fell 2.03 points (0.05%) to close at 3,825.11. Turnover was Rs 744 million.

Ascot Holdings was the day’s highest gainer, up 32% to end at Rs43.70 and also accounted for the highest turnover and highest net foreign buying.

A stock exchange filing said Eighth Wonder, a company registered in the Mauritius, considered a tax haven, along with two investors in London and one in Colombo bought a 45% stake in Ascot at Rs42.50 a share for a total of Rs242 million.

Asia Securities said crossings or off-the-floor negotiated deals accounted for 49% of the turnover with two crossings in Ascot and one crossing in Dialog Axiata.
(COLOMBO, October 24, 2017)
 


 

1 Comments

  1. sacre blieu October 25, 07:22 AM

    Tax heavens are mainly for the rich and fraudsters, who dodge the payment of legitimate taxes and dues. Fraudsters also have he illicit wealth parked here in a multiplicity of companies. It is the peoples wealth, and the relevant governments is in a conspiracy , to finally tax the citizens. The International agencies seem strangely inadequately motivated to correct this.

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