Tuesday, October 16, 2012

Bourse down sharply

The Colombo bourse fell sharply on Monday (15) with all three indices closing in the red generating a turnover of Rs. 1.57 billion on 78.1 million shares changing hands during the day.

The All Share Price Index closed 1.47 percent lower, down 84.44 points to 5,653.80 while the Milanka Price Index of more liquid stocks fell 1.89 percent to close at 5,160.34, down 99.77 points. The S&P SL20 closed 1.25 percent lower, down 38.81 points to 3,059.61.

"The indices lost ground due to broad based selling pressure amid improved activity levels with turnover being driven by crossings on JKH and GREG," John Keells Stockbrokers said.

Several crossings were recorded during the day involving JKH and Environment Resources Investments PLC (GREG): A parcel of 19.9 million GREG Warrant 6 changed hands at Rs. 5.30 per share. The same number of GREG Warrants 3 also changed hands at Rs. 4.90 each, while GREG shares also for the same quantity changed hands at Rs. 15.30. Four parcels of JKH shares changed hands at Rs. 205 per share, with each parcel comprising 400,000 shares, 500,000 shares, 1.1 million shares and 1.7 million shares.

Activity in JKH contributed nearly 50 percent to the day’s turnover.

Around 183 counters closed in the red against the 34 that closed in positive territory.

Foreign Purchases amounted to Rs. 1,355.83 million resulting in a net inflow of Rs. 813.84 million.

source - www.island.lk

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