Analysts noted that some of the blue chip counters like Ceylon Tea Services (CTS) and Lanka Ashok Leyland which had dipped sharply on Tuesday on unusually large quantities posted substantial price gains though on thin volumes.
CTS was up Rs.318.30 to Rs.970 on 5,800 shares traded between Rs.860 and Rs.970 while Ashok Leyland gained Rs.231.70 to close at Rs.2,620 on 800 shares.
The biggest turnover generators yesterday were Browns with nearly 0.7 million shares traded, Lankem with nearly 0.2 million shares done and Colombo Fort Land and Buildings with nearly 0.2 million shares transacted. Brokers said that all three counters had posted good results for the December quarter.
Browns was up Rs.20.40 to close at Rs.296 on nearly 0.7 million shares done between Rs.275 and Rs.298, Lankem up Rs.27.50 to close at Rs.494 on nearly 0.2 million shares done between Rs.460.30 and Rs.499.90 and CFLB up Rs.36 to close at Rs.538 on nearly 0.2 million shares done between Rs.496 and Rs.547.70.
Brokers said that the two-day holiday in the middle of the week had subdued sentiment with activity tending to be quiet. They noted that JKH had after some time moved up to Rs.3 to close at Rs.296 on nearly 0.3 million shares traded between Rs.291.20 and Rs.298.
Heladiv Foods which began trading this week following a successful IPO saw profit taking with nearly 22 million shares traded. The counter closed 60 cents down at Rs.25.70 trading between a low of Rs.25.50 and a high of Rs.27.90.
PC House was up Rs.2 to close at Rs.22.80 on over 2.5 million shares done between Rs.19.90 and Rs.23.70 while LOLC, with strong results under its belt, gained Rs.2.30 to close at Rs.138.50 on 0.4 million shares traded between Rs.138 and Rs.145.
Malwatte which announced a sub division of shares (both voting and non-voting) in the proportion of ten for one gained Rs.13.10 to close at Rs.106 on 0.4 million shares.
source - www.island.lk
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