Friday, April 27, 2012

Turnover up slightly, indices point in opposite directions

The All Share Price Index on the Colombo bourse gained slightly yesterday while the Milanka was down on a turnover of Rs.391.4 million, up from the previous day’s Rs.288.6 million, with Carsons, JKH, Nestle and Commercial Bank being the main business generators.

 The All Share Price Index closed 5 points (0.09) up while the Milanka was down 26.8 points (0.54%) with 77 gainers comfortably outpaced by 105 losers.

Brokers said that although there were some strategic movements in high value stocks like Carsons, JKH and Nestle, the market was relatively dull as it has been for the past several days.

Carsons which closed Rs.14.90 up at Rs.475 with 71,012 shares trading between Rs.460.10 and Rs.475 generated the day’s top turnover of Rs.33.4 million followed by JKH, down Rs.1.80 to Rs.203.50 on over 0.1 million shares traded between Rs.203 and Rs.204.50, and Nestle up Rs.64.60 to Rs.1,259 on 20,321 shares traded between Rs.1,200 and Rs.1,210.

Commercial Bank was down 10 cents to Rs.105 on slightly over 0.2 million shares trading at Rs.105 while Seylan was up a rupee to close t Rs.62 on over 0.1 million shares traded at Rs.62.

JKH generated a turnover of Rs. 289.9 million, Nestle Rs. 25.4 million and Commercial Bank Rs. 22.1 million.

Swarnamahal Financial Services continued to show volume closing 40 cents up at Rs.8.70 on over 1.3 million shares traded between Rs.8.20 and Rs.8.80.

Printcare announced a final dividend of 40 cents per share for 2011/12 XD from May 9 and with payment on May 17.

Pegasus Hotels of Ceylon PLC said it has raised Rs. 110.9 million via a rights issue.

The Carsons Group managed hotel, issued 3.04 million shares to existing shareholders at a proportion of one share for every nine shares at Rs. 36.50 each, a stock exchange filing said. Funds from the rights issue will be used to settle borrowings made to buy 685,469 shares (or a 99.98 percent stake) in Equity Hotels Limited.

source -

No comments: