JKH upped its stake in UAL to 95.6% from 80.8% acquiring 5 million shares of the company from Aviva NDB at Rs. 150 a share while 22% of Ascot and 12% of Panasia too changed hands.
The All Share Price Index was down 84.65 points (1.16%) while the Milanka lost 83.54 points (1.23%) on a turnover of Rs.2.48 billion, up from the previous day’s Rs.1.5 billion, with 142 losers running well ahead of 43 gainers.
"The market opened on a positive note in the morning with the indices up but started losing ground a short while thereafter," Prashan Fernando of Acuity Stockbrokers said.
Brokers said that the Aviva stake in UAL was on the market for about six months but there were no takers. JKH had bought the stake cheap at a price of Rs.150 with the share trading yesterday between Rs.150 and Rs.180, down 10.30 to close at Rs.165 generating the day’s top turnover of Rs.846.3 million.
Ascot saw 22% of the company changing hands with several crossings at different prices ranging from Rs.92 to Rs.100.
Brokers said that some parties with large stakes in the company appeared to have sold out with 3.6 million shares done between Rs.91.90 and Rs.113 gaining Rs.18.60 to close at Rs.112.30.
Panasian Power with 68.7 million shares traded between Rs.3.90 and Rs.4.20 was 20 cents up to close at Rs.4.10 contributing Rs.305.6 million to the day’s business volume.
All three chicken companies, Grain Elevators, Three Acre Farms and Bairaha Farms were up yesterday – Grains gaining Rs.4.40 to close at Rs.147 on 0.7 million shares, Three Acres up Rs.6.50 to close at Rs.183 on 0.5 million shares and Bairaha up Rs.1.50 to close at Rs.415.80 on 74,100 shares.
source - www.island.lk
No comments:
Post a Comment