Duminda’s touch out of woods

The resignation of ruling Party Parliamentarian Duminda Silva from the Board of Directors of Touchwood Investments PLC has taken a toll on the share price of the firm at the Colombo Stock Exchange.

At 12.30 p.m, Touchwood share had come down 33 per cent to Rs.3.40. The share closed Rs. 5.10 the previous day after hitting as high as Rs.6.

However, Touchwood share prices still remain high given it was trading around Rs.1.70-1.80 last Monday.

The announcement of the appointment of MP Duminda Silva to its board pushed the share prices up over 70 per cent Last Tuesday to close at Rs.3.10.