Thursday, May 3, 2012

Bourse down but looks up in volume terms

The Colombo bourse was yesterday slightly more active on the volume side at least although both indices closed down, the All Share by a marginal 2.03 points (0.04%) and the Milanka by 20.51 points (0.42%) on a turnover of Rs.429.6 million, down from the previous day’s Rs.631 million, with 89 gainers running behind 110 losers.

 There were four block trades for the day, all at previous prices, with none of the crossings showing any price change, brokers said.

These were 7 million Asia Asset Finance crossed at Rs.3.50, over 0.3 million JKH crossed at Rs.204, over 0.1 million Central Finance crossed at Rs.165 and nearly 0.3 million Infrastructure Developers crossed at Rs.175.

Swarnamahal Financial Services (nearly 2.9 million shares), ATL (nearly 8.1 million shares) and PC House (nearly 1.5 million shares) demonstrated volume, brokers said.

In value terms, Swarnamahal, down 10 cents to close at Rs.8.80, generated the day’s top turnover of Rs.25.9 million followed by Carsons closing flat at Rs.470 contributing Rs.18.6 million and floor trades of JKH, down Rs.2.10 to Rs.201, generating Rs.17.3 million were active.

"JKH closed lower on the trading floor than the Rs.204 price at which the big block was crossed," a broker said.

source -

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