Two of Hayleys PLC subsidiaries – Haycarb and Dipped Products (DIPD) – saw sharp gains in their share price ahead of share sub-division date.

Haycarb topped the gainers list with a 25.3% rise or Rs. 321.50 to close at Rs. 1,590.25. Around 391,635 shares changed hands via 2,840 trades for Rs. 608 million.

DIPD gained by Rs. 27 or near 4% to Rs. 733.75 with 566,831 shares changing hands via 2,032 trades for Rs. 420 million. 

The two companies are among 14 in total whose shareholders as of 10 February will qualify for the sub-division. Trading on these companies will be suspended from 11 to 15 February and the next market date will be 15 February.

Haycarb, DIPD and parent Hayleys last month announced a share split of 1 into 10.

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