Indices close in opposite directions
Crossings of Chevron boosted turnover on the Colombo bourse yesterday to Rs.539.3 million, up from the previous day’s Rs.250.8 million, with the indices pointing in opposite directions – the All Share up 9.97 points (0.18%), while both the Milanka and S&P were marginally down, the Milanka by 2.86 points (0.06%) and S&P by 0.71 points (0.02%) with 116 gainers ahead of 77 losers while 118 counters closed flat.
Most of the day’s turnover came off crossings in Chevron where over 1.3 million shares changed hands with four block trades - two crossings of 100,000 shares each at Rs.200 while 1.1 million shares were crossed in two parcels at Rs.204 in deals worth a total of Rs.273.5 million.
There was a crossing of nearly 0.3 million non-voting shares of Commercial Bank too at Rs.95 contributing Rs.25.8 million to turnover. Apart from the block trades, Chevron also saw nearly 0.2 million shares traded on the floor between Rs.195 and Rs.200 closing Rs.4.80 up at Rs.199.50 contributing Rs.36.4 million to turnover.
Although there was no confirmation, brokers said that Bank of Ceylon was believed to be the seller and there was speculation on the likelihood of foreign buying.
"The Chevron trades alone accounted for over Rs.300 million of the day’s turnover. If that was discounted, the business volumes continued to remain poor," a broker commented.
Commercial Bank (voting) generated the top turnover on the floor with 0.4 million shares traded between Rs.103 and Rs.105 closing 80 cents down at Rs.103.10 contributing Rs.42.1 million to the day’s business volume.
Other most traded counters included Asiri Hospital Holdings with nearly 1.8 million shares traded, Seylan (non-voting) with over 0.4 million shares traded, Commercial Bank (non-voting) of over 0.1 million shares traded and ERI with nearly 0.8 million shares traded.
Asiri closed flat at Rs.11.40 trading between Rs.11.40 and Rs.11.50 contributing Rs.20.million to turnover; Seylan X closed 10 cents down at Rs.35 with over 0.2 million shares traded between Rs.34.90 and Rs.35.30 contributing Rs.15.1 million to turnover; and Commercial Bank X closed Rs.2 up at Rs.95 trading between Rs.93.50 and Rs.95 contributed Rs. 12.9 million turnover and ERI closed 80 cents up at Rs.16.40 trading between Rs.15.70 and Rs.16.60 generated Rs.12.60 million turnover.
Volumes were seen in Commercial Credit (nearly 0.5 million shares) closing 50 cents up at Rs.15.90, Distilleries with 49,991 shares closing 10 cents up at Rs.145.10, Central Finance closing 10 cents up at Rs.170 on 40,040 shares, JKH closing 70 cents up at Rs.214 on 22,551 shares and Carsons closing Rs.2 up at Rs.442 on 6,508 shares.
source - www.island.lk
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