Stock Exchange witnesses more instances of unusual trading

Diesel & Motor Engineering PLC (DIMO) and  Sathosa Motors PLC also denied possessing any unpublished price-sensitive information connected to unusual trading activities of their shares on Colombo Stock Exchange (CSE).

In a rather detailed letter, Sathosa Motors informed the CSE that it is not aware of any internal developments ’ or material changes that might have impacted the share price or trading volume in an unusual way on 19th of this month.

‘We have thoroughly reviewed our internal records and consulted with our management team concerning the matter. 

We wish to inform you that there is no undisclosed price-sensitive information related to Sathosa Motors PLC or any other reason known to us that could have caused the unusual trading activity observed by the Colombo Stock Exchange,” it stated.

Meanwhile, Diesel & Motor Engineering PLC (DIMO) in a brief letter denied any information related to unusual trading activities of their shares on 19th of this month. “We confirm that Diesel & Motor Engineering PLC currently does not have any price-sensitive information to disclose and is not aware of any other reason which may have caused this unusual price movement,” it stated.

Earlier, Ceylon Beverage Holdings PLC, the immediate parent company of Lion Brewery (Ceylon) PLC and Ceylinco Holdings PLC also witnessed similar activity, and both companies denied  possessing any unpublished price-sensitive information in a similar tone. (NF)