Saturday, September 17, 2011

Bourse closes week slightly up

The Colombo bourse moved up yesterday after dipping on consecutive days earlier this week on a turnover of Rs.1.8 billion, up from the previous day’s Rs.1.4 billion, with both indices up – the All Share by 19.99 points (0.29%) and the Milanka by 30.75 points (0.50%) with 104 gainers outpacing 84 losers after several days.

"The market was slightly up from where it was the rest of the week," Prashan Fernando of Acuity Stockbrokers said. "There was activity all round on retail stock."

The day’s top turnover generator was East West which gained Rs.4.60 to close at Rs.41 with nearly 10.6 million shares done between Rs.35 and Rs.41.80. There was one crossing of 7,850,000 shares at Rs.35 when the market was in the forties brokers said.

Seylan Bank non-voting and Tess Agro followed East West in the turnover league with Seylan X up Rs.1.20 to close at Rs.36.20 with nearly 4.2 million shares traded between Rs.34.20 and Rs.36.40 while Tess closed 10 cents up at Rs.6.30 on over 18.8 million shares done between Rs.6.10 and Rs.6.90.

There was a crossing of 3.9 million Seylan X at Rs.35.30.

Blue Diamonds continued to attract interest on both the voting and non-voting shares although both counters traded at lower levels. The voting share closed Rs.1.60 down at Rs.9.70 on 12 million shares done between Rs.9.50 and Rs.11 while the non-voting share was down 60 cents to Rs.4.40 on nearly 19.2 million shares done between Rs.2.20 and Rs.4.90.

Seylan Merchant Bank continued to attract retail play gaining 10 cents to close at Rs.2.80 on 23.1 million shares done between Rs.2.70 and Rs.3.

JKH edged up 20 cents to close at Rs.217 on over 0.2 million shares traded between Rs.216.50 and Rs.217.80. One crossing of 130,000 shares at Rs.217.40 was among the trades.

Colonials continued to gain sharply closing Rs.16.10 up at Rs.489.80 on 80,500 shares done between Rs.475 and Rs.489.80.

Mr. Ashok Pathirage has been appointed Chairman and Mr. Paul Ratnayeke Deputy Chairman of Asian Alliance Insurance, the company said in a Stock Exchange filing. Mr. R.C.D. de Silva has resigned from the board of that company.

Mr. A.D.E.I. Perera, a Chartered Marketer, has been appointed to the board of First Capital Holdings. He already serves on the boards of Keells Food Products, Janashakthi Insurance and Odel.

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