The Colombo bourse closed marginally up yesterday on a turnover of Rs.2.45 billion, up from the previous day’s Rs.1.2 billion, with JKH, Cargills, Commercial Bank and Dockyard contributing the bulk of business volumes.
The All Share Price Index was up 7.93 points (0.12%) while the Milanka gained 18.79 points (0.27%) with 74 gainers ahead of 67 losers.
"Volumes were very much better than what we had seen earlier this week," Prashan Fernando of Acuity Stockbrokers said. "The All Share Price Index was up about 40 points in the morning but came down at the close of business with a little bit of institutional selling, both foreign and local, seen."
JKH was the day’s biggest turnover generator with a little over 2 million shares done between Rs.295.10 and Rs.299 losing 30 cents to close at Rs.295.10 generating a turnover of Rs.672.1 million.
Cargills also saw over 2 million shares done between Rs.193 and Rs.197 gaining 50 cents to close at Rs.195 while Commercial Bank was up Rs.4 on over 1.1 million shares done between Rs.270 and Rs.275 gaining Rs.4 to close at Rs.273.50.
Most of the JKH shares traded were done at Rs.300 with a big parcel of 2 million shares and a smaller one of 0.2 million shares concluded at that price, brokers said.
Cargills too saw a one million share done at Rs.195 while the larger quantities of Commercial Bank were done at Rs.274.
Dockyard saw a million shares crossed at Rs.492 with Sampath Bank and HNB also showing volume and slight price gains – Sampath up 20 cents to close at Rs.265 on nearly 0.3 million shares and HNB up 10 cents to close at Rs.400 on nearly 0.2 million sharks.
Retail interest was focused on Seylan Merchant Bank, both voting and non-voting, with 35 million voting shares done between Rs.1.20 and Rs.1.50 gaining 20 cents to close at Rs.1.40 while 43.1 million non-voting shares were also done gaining 10 cents to close at 90 cents trading between 80 cents and a rupee.
CIC also generated some interest seeing nearly 0.3 million shares traded between Rs.135 and Rs.136.10 gaining a rupee to close at Rs.135.
Overseas Realty saw nearly 281.2 million new shares issued through a one for two rights issue listed yesterday while Bukit Darah and Carsons announced that new shares issued by capitalization of reserves in the proportion of one for fifty will be allotted on December 23.
Bukit Darah and Carsons will also have EGMs on December 17 to obtain shareholder approval for sub-division of their shares with the new shares commencing trading on December 24.
source - www.island.lk
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