LAI Sun Development yesterday saw liquidity rise in its shares on the back of the growing controversy surrounding the doubling of director emoluments in the annual accounts for a financial period in which earnings per share fell at group companies. The former Hang Seng index constituent was the fifth most active stock of the day, falling three cents or 2.6 per cent to $1.12 on 13.59 million shares traded. Controversy was triggered by revelations that the directors had agreed to pay themselves almost $100 million in emoluments. The worst performer yesterday was Watary International. In a vote of no confidence from some investors on hearing about the group's planned rights issue, the share slumped 18.66 per cent or 14 cents to 61 cents. The company announced a $123 million rights issue to diversify group earnings into broking after suffering losses in the last financial period on core business activities in electronics games. In the year to date, the stock underperformed the Hang Seng Index by 33.9 per cent, having fallen 54.48 per cent against a fall of 31.6 per cent on the index, according to Bloomberg data. Construction firm B+B Asia remained a feature of the day. The share fell 17 cents or 11 per cent to $1.37. It announced on Monday that it was due to report a loss for the financial period ended September 30 following provisions for losses on contracting. The stock is at a four-year low. Since July 1990 the share has underperformed the Hang Seng Index by 71 per cent, having fallen 28 per cent in price terms. The annualised return over the period, according to data from Bloomberg, is minus 4.33 per cent. In the past four weeks of trading the stock has plummeted 47 per cent. Another big loser on the day was Melbourne Enterprises. It fell $4 or seven per cent to $52.50. A big gainer of the day was South China Holdings. It gained eight cents or 5.7 per cent to $1.48. The stock has turned from below $1.20 since December 1, following a period of declining share prices. The best performer of the day was Prod-Art Technology, up 10 per cent to 57 cents. Silver Eagle continued to lose ground on resumption of trading, losing 3.5 cents, or 16.35 per cent, to 17.9 cents.