Thursday, April 26, 2012

Bourse continues losing streak

Turnover remains low, indices marginally down

The Colombo bourse yesterday continued its losing streak with both indices edging down marginally – the All Share Price Index by 3.97 points (0.07%) and the Milanka by 4.89 points (0.10%) on a turnover of Rs.312.75 million, up from the previous day’s Rs.288.6 million, with 56 gainers trailing 109 losers.

"It was another quiet day with turnover thin and the indices virtually flat," a broker said. "JKH continued to be the biggest turnover generator while CIC in which state institutions are showing an interest contributed a useful Rs.31.6 million.’’

JKH closed 90 cents down at Rs.205.10 on over 0.2 million shares done between Rs.205 and Rs.206.40 generating the day’s top turnover of Rs.50.7 million followed by CIC which closed flat at Rs.100 on 0.3 million shares done between Rs.99.90 and Rs.101.

DFCC too continued to generate some interest gaining 80 cents to close at Rs.120 on over 0.1 million shares traded between Rs.119 and Rs.121 while Commercial Bank (non-voting) gained 30 cents to close at Rs.85 on nearly 0.2 million shares done between Rs.84 and Rs.86.

Mackwoods Energy opened trading yesterday at a high of Rs.16 against an issue price of Rs.14 but closed at Rs.14.90 trading between a low of Rs.14 and a high of Rs.16 when the first parcel of 200 shares was transacted at this price.

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