Saturday, October 13, 2012

Sentiment sluggish but CSE catches up some lost ground

All indices up on low turnover

The Colombo bourse caught up some lost ground yesterday though on a low turnover of Rs.475.3 million, down from the previous day’s Rs.679.2 million, with all three indices up – the All Share by 17.38 points (0.30%), the Milanka by 30.74 points (0.59%) and S&P by 5.62 points (0.18%) with 144 gainers comfortably outpacing 65 losers while 47 counters closed flat.

Brokers said that trading began very quietly with turnover at the end of the first hour being only Rs.30 million. Retail activity was sluggish, they said.

JKH was the most traded stock with a crossing of 245,100 shares at Rs.204 and over 0.2 million shares done on the floor between Rs.203.60 and Rs.208 closing Rs.1.50 up at Rs.205.40 helping the indices.

There was a crossing of nearly 0.5 million Commercial Bank (non-voting) at Rs.94 in a deal worth Rs.43.6 million.

Distilleries was the second biggest turnover generator on the floor gaining Rs.1.70 to close at Rs.152.90 on slightly over 0.3 million shares done between Rs.148.50 and Rs.153 contributing Rs.43.7 million to turnover. Brokers said that there were some large parcels among the trades.

Renuka Agri Foods saw nearly 8.3 million shares done closing 10 cents up at Rs.5 trading between Rs.4.90 and Rs.5.10 generating Rs.41.7 million to turnover with several large parcels among the transactions.

Commercial Bank (voting) closed Rs.1.10 down at Rs.110 on over 0.3 million shares while Asiri Surgical Hospitals closed 10 cents up at Rs.8.80 on over 2.3 million shares and Seylan Bank (non-voting) closed 70 cents up at Rs.34 on 0.4 million shares.

The majority of the stocks among the most traded counters were gainers with exceptions other than CommBank (voting) being NDB, down 50 cents to close at Rs.139.50 on 53,464 shares and DFCC, down Rs.1.50 to close at Rs.114 on 48,820 shares.

Retailers were active in Seylan and NDB, brokers said.

source -

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