This article was first published on July 17, 1986.
Cafe de Coral the live wire in quiet market
by John Mulcahy
Fast-food counter Cafe de Coral hit the boards yesterday (July 16, 1986), trading up to $1.35 and recording the biggest volume of the day.
Although 16.6 million Cafe de Coral shares traded, at a total value of $22.08 million, this was about all the excitement the market could muster, as it took a breather after some hectic activity on Monday and Tuesday.
Another talking point was Yeo Hiap Seng, which ended the day 28 cents firmer at $1.68 after strong buying overnight in London on rumours of a takeover.
The Hang Seng Index ended 0.75 points off at 1,763.38 and the Hongkong Index dipped 1.44 points to 1,100.07, while turnover slipped to $287.56 million from $312.2 million on Tuesday.
In second-wave reaction to the news of Hongkong Land’s decision to sell off Dairy Farm, Land slid 10 cents to $5.95 in active trading, while Jardine Matheson rose 10 cents to $13.60 and Jardine Securities again rose sharply, to $13.50 from $13.10.
