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MAINTAINING VALUE IN TURBULENT TIMES |
Share Price Trend since IiPO
|
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
| Highest Value (Rs.) |
49.75 |
43.25 |
29.75 |
27 |
23 |
30 |
| Lowest Value (Rs.) |
29.75 |
28.00 |
14.75 |
15.5 |
15 |
10.5 |
| Last Traded Price (Rs.) |
31.00 |
31.5 |
27.75 |
16.5 |
15.5 |
18 |
| Market Capitalisation (Rs. Billion) (year end) |
55.95 |
56.85 |
50.08 |
29.78 |
27.97 |
32.49 |
The GTH offer and the activity surrounding it had a strong positive effect on SLT’s share price, which rose from around Rs. 30.00 at the beginning of the year to peak at Rs. 49.75 on 21 April. The price remained above Rs. 40.00 for the remainder of the second and third quarters before falling in the final quarter in concert with the rest of the market.
Already suffering from the effects of domestic economic and political troubles, the Colombo securities market was, like its counterparts in other countries, severely impacted by the effects of the world financial crisis. The most severe effects were felt in the final quarter of 2008. As a result of this universal slump in share value, SLT’s share price ended the year only marginally higher than it had begun. However, as a comparison with market trend data shows, SLT shares have done relatively well on the market - as is only to be expected from one of Sri Lanka’s leading blue-chip securities. |
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