Due to a computer systems failure in the Colombo Stock Exchange Monday, unit trust prices and market statistics (Stockwatch) at Monday’s trading were not available for publication yesterday, sources said.

‘The failure took place around 11 am, and as a result, the market closed for trading 15 minutes earlier, at 12.15 pm, and not at the usual closing time of 12.30 pm,’ they said.

The sources further said that the major transaction that took place during that day was the trading of shares of Lanka Orix Leasing Company Ltd (LOLC) which constituted Rs 72 million of the Rs 76 million turnover made upto 11am on Monday.

They said that the buyer was Ishara Nanayakkara of Ishara Traders (a car sales company), who bought a 12.24 % stake in LOLC from two sellers, Moghul Fund, an offshore company and ‘Rusi Captain and connected parties.’

The majority of the transactions were conducted at prices of Rs 23/75 and Rs 24/25 a share, with Rusi Captain and connected parties (Paints and General Exports, CI Plastics Ltd and L.A.Captain) disposing of 1.25 million shares of LOLC, constituting a 5.3% stake in the company and Moghul Fund, another 1.67 million shares, which comprises a 7.2% stake in LOLC. LOLC’s shares which opened the day at Rs 26.50, dropped by a rupee to close at Rs 25.50 at the end of the day’s trading. (PA)