Tuesday, October 2, 2012

Profit taking downs bourse

The All Share Price Index peaked at 6,005.63 hours after opening on Monday (01) from an opening position of 5,971.99 before falling on profit taking, closing the day at 5,964.29, down 7.7 points or 0.13 percent.

The Milanka Price Index of more liquid stocks fell 13.42 points to close 0.24 percent lower at 5,632.53 while the S&P SL20 closed 0.09 percent lower, down 2.84 points at 3,238.14.

"The ASPI gave back gains after crossing the 6000 mark to end marginally lower amid moderate activity levels, driven by trades on Dialog, Touchwood and LOLC accounting for over 42% of turnover," John Keells Stockbrokers said.

The bourse opened on a positive note crossing the key psychological resistance level of 6,000 but succumbed to profit taking closing the session at 5,964. Turnover continued to remain high at LKR1.1bn with a crossing in John Keells Holdings accounting for 5% of the day’s total," DNH Financial said.

Turnover reached 1.06 billion on a volume of 61.4 million shares changing hands during the day. Net foreign inflow amounted to Rs. 111.61 million.

JKH fell 0.7 percent to Rs. 227.50 with 348,849 shares changing hands during the day.

Dialog closed 1.11 percent higher at Rs. 9.10 with 21 million shares changing hands.

George Stewart Finance fell the sharpest down Rs. 125.80 or 13.56 percent to close at Rs. 752 on 85 shares traded.

Touchwood Investments closed 12.20 percent lower, down Rs. 2.6 to Rs. 18 with a little more than 7.2 million shares traded.

Ceylon Printers was the biggest gainer, up 11.93 percent to close at Rs. 2,250 with four shares changing hands.

Mercantile Shipping closed 11.25 percent higher at Rs. 211.60 on three thousand shares.

Equity One closed 10.83 higher at Rs. 39.90 on two shares.
source - www.island.lk

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