Sunday, September 26, 2010

JKH tops Rs. 300 barrier,bull run continues

25.09.2010 - The Colombo bourse yesterday closed the trading week sustaining the momentum of the past several days on a turnover of Rs.5.55 billion, down from the previous day’s Rs.6.37 billion, with both indices up sharply – the All Share up by 116.06 points (1.71%) and Milanka by 97.58 points (1.36%).

"JKH continued to be the biggest business generator edging up 10 cents to close at Rs.299 on nearly 2.6 million shares done between Rs.299 and Rs.302," Asmath Iqbal of John Keells Stockbrokers said. "The counter was testing the Rs.300 barrier."

Brokers said that there were seven crossings of JKH, all at a price of Rs. 300.

Seylan (non-voting) was number two on the turnover league gaining Rs.6.50 to close at Rs.58.50 on over 8.7 million shares done between Rs.52.70 and Rs.60 with NDB following, gaining Rs.10.10 to close at Rs.353 on over a million shares done between Rs.340 and Rs.355.

Brokers reported continuing interest in banking stock with NDB, Seylan (both voting and non-voting), Sampath, Commercial Bank, NTB, HNB (voting and non-voting) and DFCC showing volume.

Pan Asia Bank too saw over 0.8 million shares traded but dropped Rs.1.10 to close at Rs.64.

The biggest gainer among the banks was Sampath, up Rs.25.80 to Rs.516 on over 0.3 million shares traded followed by ComBank, up Rs.18.30 to Rs.285 on over 0.5 million shares.

"Sampath hit Rs.550 during the day although it closed at a lower level," Prashan Fernando of Acuity Stockbrokers said.

He said that retail interest was focused on SMB Leasing where over 15.4 million shares were traded, Vallibel Power (over 10 million shares), Nawaloka (nearly 22.1 million shares), Seylan X (8.7 million shares) and Reefcomber (6.7 million shares).


source - www.island.lk

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