Share prices of LAUGFS listed entities soar after Dhammika's deal

THE prices of LAUGFS Gas and LAUGFS Power voting and nonvoting shares shot up yesterday dominating the percentage wise gainers as investors reacted positively to the impending partnership with their holding company and business leader Dhammika Perera.

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LAUGFS Gas voting share gained by 65.42% to Rs. 66.50 after touching a high of Rs. 69.90 and its nonvoting share gained by 56% to Rs. 37.90 after touching a high of Rs. 40.

LAUGFS Power nonvoting gained by 63% to Rs. 14.20 whilst it’s highest was Rs. 14.90. The voting share rose by 58% to Rs. 20.10 after peaking to Rs. 22.20.

Demand was on the rise as there were no further sellers.

Around 3.6 million LAUGFS voting shares changed hands for Rs. 227 million via 1,390 trades. Its non-voting shares generated a turnover of Rs.142.6 million with 3.98 million X shares changed hands via 1,118 trades. Over 8 million LAUGFS Power voting shares changed hands for Rs. 151.7 million via 1,321 trades.