Colombo stocks ended in the green zone yesterday as both benchmark indices recorded gains. ASI gained 41.94 index points (0.61%) to close at 6,879.29 while liquid MPI closed at 6,233.82, up 10.88 index points (0.17%).
Daily market turnover reached Rs 4.9b.
Ceylon Hotels Corporation turned out to be the top contributor to the market turnover with an amount of Rs 1.1 billion. A total of 31.8 million shares of Ceylon Hotels Corporation traded yesterday and out of that 23.7 million shares which accounted for 13.8% of the issued shares, changed hands within inter-connected parties of the group at a price of Rs 35.00 per share.
The buyer was Curlew (Pvt) Limited, the holding company of Ceylon Hotels Corporation which held 52% of the stake prior to the transaction and now has increased to 70% stake. The stock yesterday reached the high of Rs 40.00 and closed at Rs 34.00, up Rs 1.80.
DFCC Bank made the second highest turnover level of Rs 1.1 billion while recording a off-the floor deal of 7.9 million shares at a price of Rs 135.00 per share. DFCC closed at Rs 136.00, up Rs 4.40.
Further, HVA Foods Plc made notable contribution to the turnover (Rs 750.9 million) with heavy investor participation. Meanwhile, Multi Finance, Singer Finance and Colombo Land & Development were among the mostly traded counters of the day. However at the end of the day the 10% price band was imposed on HVA Foods and Singer Finance.
Foreign participation was insignificant at 2.2% of the total market activity. Foreign investors ended as net buyers with a net foreign inflow of Rs 8.8 million.
Lanka Securities Research
source - http://www.dailynews.lk/
No comments:
Post a Comment