Thursday, October 11, 2012

Turnover low,indicies down

The Colombo bourse continued its downward slide yesterday with turnover a modest Rs.398.1 million, down from the previous day’s Rs.526.1 million, with all indices down – the All Share by 60.80 points (1.04%), the Milanka by 79.29 points (1.47%) and S&P by 16.16 points (0.51%) with 53 gainers trailing 163 losers while 93 counters closed flat.

"The ASPI dipped sharply due to selling pressure on most of the large caps amid low activity levels, driven by trades on diversified, banking and finance counters," John Keells Stockbrokers said.

Foreign inflows amounted to Rs. 167.73 million resulting in a net inflow of Rs. 96.72 million.

There were two crossings yesterday with 180,000 Commercial Bank (voting) changing hands at Rs.112.50 in a deal worth Rs.20.25 million and 436,109 JKH crossed at Rs.213.80 in a transaction valued at Rs.93.2 million.

The most traded counter on the trading floor was JKH which closed Rs.4.80 down at Rs.209 with over 0.2 million shares done between Rs.207.70 and Rs.215 contributing Rs.47.3 million to turnover.

Commercial Bank followed losing 80 cents to close at Rs.111.20 on 0.3 million shares done between Rs.111.20 and Rs.113 generating a turnover of Rs.34 million while NDB lost Rs.2.80 to close at Rs.140.20 on slightly over 0.1 million shares done between Rs.140 and Rs.142.50 contributing Rs.15.8 million to turnover.

Brokers said that sentiment was poor and turnover volumes had eased with retail participation seen in NDB and LOLC which lost Rs.1.10 to close at Rs.54.20 on nearly 0.2 million shares traded between Rs.54 and Rs.55.70.

Among the other most traded counters were Royal Ceramics down Rs.1.40 to close at Rs.103 on 79,122 shares, Dialog down 10 cents to close at Rs.8.70 on over 0.7 million shares, People’s Merchant Bank up 20 cents to close at Rs.16.40 on nearly 0.2 million shares and E-Channelling down 20 cents to close at Rs.6.20 on nearly 0.9 million shares.

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