The All Share Price Index of the Colombo Stock Exchange moved up sharply yesterday by 128.20 points (1.69%) while the Milanka declined a marginal 6.71 points (0.09%) on a turnover of Rs.3 billion, up from the previous day’s Rs.2.89 billion, with 108 gainers ahead of 87 losers largely on account of some announcements made by the Carson’s group.
Carson’s and Bukit Darah offered to buy up minority shareholdings not owned by them in four Malaysian plantation companies for part cash and part shares in the Singapore based plantation holding company sharply sending up prices of the shares of many Carson’s companies.
Watapota was the highest gainer, up Rs.647.40 to close at Rs.1,942.20 on 3,200 shares closely followed by Colombo Pharmacy, not a member of the Carsons group, up Rs.634.60 to close at Rs.3,850 on 19,000 shares traded between Rs.3,330.10 to Rs.4,100.
Among the Carson’s companies Selinsing was up Rs.150 to Rs.1,100 on 1,400 shares, Bukit Darah up Rs.100.30 to Rs.1,370 on 34,700 shares, Indo Malay up Rs.64.70 to Rs.1,344 on 3,400 shares, Good Hope up Rs.62.90 to Rs.1,349.90 on 1,100 shares, Carson’s itself up Rs.49.90 to Rs.675 on 65,800 shares and Ceylon Brewery up Rs.37.90 to Rs.390 on 1,800 shares.
"It was a huge jump," Prashan Fernando of Acuity Stockbrokers said speaking of yesterday’s state of play on the CSE. "The market was seriously up largely on account of the Carson’s announcements with Colombo Pharmacy too moving up sharply."
Piramal Glass was the day’s biggest business generator with nearly 17.5 million shares done between Rs.10.30 and Rs.11 gaining 60 cents to close at Rs.10.80 while Sampath followed gaining Rs.4.60 to close at Rs.293.90 on nearly 0.6 million shares done between Rs.288 and Rs.295.
Brokers said that Glass was heavily retail driven while Sampath included three crossings at prices of Rs.291.50 and Rs.300.
Environment Resources Investments where there was both high net worth and retail play occurred saw over 1.8 million shares done between Rs.90.20 and Rs.98 gaining Rs.2.10 to close at Rs.91 while Lanka Walltiles, where there were two crossings, moved up Rs.4 to Rs.174 on over 0.9 million shares done between Rs.168 and Rs.174.90.
People’s Leasing Finance was up Rs.9.80 to Rs.90 on nearly 1.6 million shares done between Rs.81.50 and Rs.92.50 while JKH dropped Rs.1.50 to Rs.289 on nearly 0.9 million shares traded between Rs.289 and Rs.294.50 including three crossings at Rs.290.
Citrus Leisure gained Rs.2 to close at Rs.88 on 1.4 million shares traded between Rs.84.50 and Rs.94 with a million share parcel at Rs.92 among the trades with the balance seeing retail play.
source - www.island.lk
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