The Colombo bourse closed a full trading week yesterday with both indices up on a turnover of Rs.2.38 billion, down from the previous day’s Rs.3.6 billion, with both indices up – the All Share by 40.14 points (0.54%) and the Milanka by 10.06 points (0.15%) with 118 losers ahead of 92 gainers.
"There was quite a bit of activity with the day’s trading almost totally retail driven," Roy Anthony of Acuity Stockbrokers said. "That was very evident."
Yesterday’s big business generators included Nation Lanka Finance with nearly 14.7 million shares traded, Colombo Land with over 5.2 million shares done, Fortress Hotels with 4.8 million shares traded, Janashakthi with 7.9 million shares and Citizens Development with over 1.4 million shares transacted.
Nation Lanka gained Rs.3.50 to close at Rs.28.30 on a trading range of Rs.23.80 and Rs.28.30 while Colombo Land was up 60 cents to Rs.35.80 trading between Rs.32 and Rs.36.80 and Fortress up Rs.2.90 to close at Rs.35 trading between Rs.32 and Rs.35.20. Janashakthi closed Rs.1.20 up at Rs.19.20 trading between Rs.17.60 and Rs.19.40.
Expolanka announced the basis of allotment of its over-subscribed IPO with all categories of retail investors getting 100% of the shares they have applied for. Of the non-retail category, applicants up to 71,000 shares will get 100% while the bigger applicants get a percentage along with a fixed quantum of shares.
The Carsons group announced dividends for the financial year 2010/11 with Carsons paying a first and final dividend of Rs.2 per share, Guardian a first and final of Rs.1.50, Brewery a first and final of Rs.4 and Ceylon Investments a first and final of Re.1 per share, all subject to shareholder approval at the respective AGMs.
United Motors also announced a dividend of Rs.3.25 per share subject to shareholder approval at the AGM.
source - www.lbo.lk
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