Deal worth nearly Rs. 3 billion
The Colombo bourse sustained its upward run yesterday on a turnover of Rs.4.26 billion, up from the previous day’s Rs.1.07 billion, with all three indices up – the All Share by 17.47 points (0.29%), the Milanka by 18.88 points (0.34%) and S&P by 19.17 points (0.60%) with 127 gainers ahead of 112 losers while 69 counters closed flat.
Crossings of 300,000 Aitken Spence at Rs.130 and 24 million at Rs.123.10 in deals worth nearly Rs.3 billion accounted for most of yesterday’s turnover.
There were also crossings of 400,000 JKH at Rs.223 worth Rs.88.9 billion and 100,000 Nestle at Rs.1,200 accounting for Rs.120 million done during the day.
On the trading floor the big turnover generators were Ceylinco Insurance, NDB, JKH, Aitken Spence, Lanka Hospitals and Commercial Bank.
``The indices continued their upward trend due to sustained buying interest large caps such as NDB, JKH, SPEN and COMB. Activity levels were led by a crossing on SPEN, which accounted for over 70% of turnover," John Keells Stock Brokers said in a market report.
Foreigners remained net buyers with purchases worth Rs. 412.11 mn. and sales of Rs. 134.06 mn. leaving an inflow of Rs. 278.05 mn.
Ceylinco saw over 0.4 million shares done between Rs.800.10 and Rs.850 contributing Rs.179.4 million to turnover while NDB continued its upward momentum generating the day’s second highest turnover of Rs.100.1 million on over 0.7 million shares done between Rs.147 and Rs.155 contributing Rs.108.1 million to turnover.
Brokers and analysts said that this counter as well as Aviva NDB Insurance, which closed Rs.26.70 up at Rs.440 on 50,524 shares done between Rs.430 and Rs.435 were moving up sharply on expectation of the purchase of the insurance company by a Hong Kong based giant.
However, no formal announcement of any deal has yet been made.
Retail interest was evident in NDB, Lanka Hospitals and Aviva NDB Insurance, brokers said.
JKH closed Rs.1.80 up at Rs.223.30 on over 0.4 million shares traded on the floor between Rs.158.20 and Rs.223.90 generating a turnover of Rs.91.7 million while Aitken Spence was 50 cents up on the trading floor to close at Rs.130 on nearly 0.4 million shares done between Rs.125.10 and Rs.132 generating a turnover of Rs.50.7 million.
Lanka Hospitals closed Rs.1.80 up at Rs.51 on nearly 0.9 million shares while Commercial Bank was up 50 cents to close at Rs.114.40 on nearly 0.4 million shares.
NTB was another banking stock up Rs.1.60 to close at Rs.63 on over 0.3 million shares while Chevron edged down 30 cents to Rs.190.10 on slightly over 0.1 million shares.
Asiri closed flat at Rs.11.40 on 2 million shares.
Dividends were announced by Sanasa Development Bank paying an interim Rs.5 per share for 2012 XD from Oct. 5 and payment on Oct 16; a 50 cents final dividend for 2011/12 from Orient Garments XD from Oct. 5 and with payment on Oct. 16 and Rs.0.15 first interim from e-Channelling for 2012/13 XD from Oct. 5 and payment on Oct. 16.
source - www.island.lk
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