Saturday, November 27, 2010

Deals in JKH & Browns at premium to market Indices close in opposite directions, sentiment dull

The Colombo bourse closed the week yesterday with the indices in opposite directions – the All Share down 32.25 points (0.50%) and the Milanka up 7.59 points (0.11%) on a turnover of Rs.1.72 billion, up from the previous day’s Rs.1.44 billion, with 46 gainers against 100 losers.

Trades in JKH and Browns accounted for over a billion rupees of the day’s turnover with JKH seeing over 2.3 million shares traded between Rs.294.60 and Rs.296.70 closing Rs.1.20 up at Rs.295.

Brokers said that a crossing of 2 million shares at a price of Rs.301, a premium to market, accounted for bulk of JKH traded.

Browns, with over 1.4 million shares done between Rs.239.90 and Rs.247 closed Rs.1.30 up at Rs.245 with one crossing of 1.3 million shares concluded at a price of Rs.260 when the market was at Rs.240.

Brokers said that sentiment was dull with Environment Resource Investments (ERI), HNB, Central Finance, DFCC, Tokyo Cement and Commercial Bank among counters that posted gains and some volume.

Sampath was down Rs.1.50 to close at Rs.258 on 0.2 million shares done between Rs.258 and Rs.263 while ERI gained Rs.5.50 to close at Rs.77 on nearly 0.5 million shares.

LOLC lost Rs.2.60 to close at Rs.118 on over 0.2 million shares while HNB gained Rs.5 to close at Rs.402.90 on 68,500 shares and Central Finance was up 10 cents to close at Rs.725 on 34,800 shares. DFCC gained 50 cents to close at Rs.202 on 77,600 shares.

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