Retailers continued to push up the Colombo bourse to new recent highs with both indices up sharply on a turnover of Rs.4.2 billion, up from the previous day’s Rs.3.58 billion, with the All Share Price Index up 55.42 points (0.82%) and the Milanka up 38.15 points (0.53%) with 118 gainers outpacing 65 losers.
Turnover came yesterday from JKH where over 2.5 million shares were done, Laugfs Gas, Richard Pieris and the chicken stocks – Grain Elevators, Three Acre Farms and Bairaha Farms, brokers said.
"There was heavy trading with retail sentiment improving," Prashan Fernando of Acuity Stockbrokers said. "There is bigger buying power in the market with a lot of people going into margin trading."
JKH was down 20 cents to close at Rs.299.60 trading between Rs.297.60 and Rs.300 with three crossings at Rs.295 accounting for 2.4 million shares.
Laugfs, both voting and non-voting, continued to be heavily traded with the voting share gaining Rs.1.80 to close at Rs.31 on nearly 10.3 million shares while the non-voting gained Rs.2.40 to close at Rs.25.20 on nearly 5.90 million shares.
Grains were up Rs.17 to close at Rs.114.90 on nearly 2.2 million shares while Three Acres gained Rs.12.10 to close at Rs.106 on a million shares and Bairaha Rs.11.30 to close at Rs.424.90 on nearly 0.2 million shares.
Brokers said there was interest in Colombo Land where over 3.8 million shares were done between Rs.24 and Rs.26.10 with the counter closing at Rs.25 gainingRs.1.30 from the previous close.
Janashakthi too saw nearly 4.9 million shares done between Rs.15.90 and Rs.17.20 gaining a rupee to close at Rs.17.10 and Kegalla, with several rubber estates in its portfolio, continued to surge gaining Rs.13.80 to close ate Rs.197 on over 0.4 million shares traded.
source - www.island.lk
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