Saturday, December 25, 2010

Bourse closes up for Christmas

The Colombo bourse closed for the Christmas holidays posting a turnover of Rs.1.3 billion durng half day of trading with both indices up for the fourth straight day – the all Share by 46.74 points (0.72%) and the Milanka by 10.73 points (0.5%) with 81 gainers ahead of 60 losers.

"Once again JKH was the top business generator," Prashan Fernando of Acuity Stockbrokers said. "We saw over 1.4 million shares done between Rs.299.50 and Rs.303 gaining Rs.2.50 to close at Rs.302."

He noted that a million shares had been crossed off the floor at Rs.304 but was unable to say early in the afternoon whether foreigners continued to take profit on this stock. JKH generated Rs.433.2 million to turnover.

Aitken Spence was number two on the turnover league with nearly 1.3 million shares done between Rs.169.90 and Rs.175.50 losing Rs.3.50 to close at Rs.171 contributing Rs.211.3 million to turnover.

Retail play was evident in Coco Lanka, Tokyo X and PC House all of which generated substantial turnover and price gains.

Coco was up Rs.5.40 to close at Rs.61.60 on nearly 0.9 million shares done between Rs.56.50 and Rs.61.90, Tokyo X was up 40 cents to close at Rs.40.10 on nearly 0.9 million shares done between Rs.39.60 and Rs.40.70 and PCH was up a rupee to close at Rs.11 on nearly 2.8 million shares done between Rs.10 and Rs.11.

"The year end mood of retailers was positive," Fernando of Acuity said.

Singer Sri Lanka announced the mode of allotment of shares on its IPO. (See separate story on this page).

source - www.island.lk

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