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Friday, December 21, 2012

Big deals dominate bourse

* Interest on JKH, Spence & ComBank

Big transactions dominated the Colombo bourse yesterday which looked up posting a turnover of Rs.811.9 million, up from the previous day’s Rs.644.3 million, with all indices gaining – the All Share by 19.47 points (0.35%), the Milanka by 7.32 points (0.15%) and S&P by 18.42 (0.61%) with 134 gainers comfortably outpacing 54 losers while 125 counters closed flat.

"Advancers outweighed decliners by more than 2:1 at market close, driving the ASPI higher for a third consecutive day. Activity levels were dominated by trades on JKH, which accounted for roughly 70% of the day's turnover inclusive of crossings. The market also saw crossings on COMB (voting) and TKYO," John Keells Stockbrokers said.

Foreign purchases amounted Rs. 695.94 million, resulting in a net inflow of Rs.532.55 million.

Block trades in Commercial Bank (voting), JKH and Tokyo Cement (voting) accounted for Rs.438 million of the day’s turnover with large transactions in JKH and Aitken Spence predominant.

"There was heavy interest in JKH where in addition to block trades of over 1.7 million shares at Rs.218 per share, there were also big floor trades,’’ a broker said. ``There was little retail activity.’’

Commercial Bank saw a single crossing of 0.3 million shares at Rs.103 contributing Rs.31.6 million to turnover and Tokyo slightly over 1.1 million shares crossed at Rs.27.50 generating a turnover of Rs.30.6 million.

Apart from the block trades in five parcels at Rs. 218, a further 0.9 million JKH was done on the floor closing one rupee up at Rs.218 trading between Rs.217 and Rs.218 contributing a business volume of Rs.196.3 million. Brokers said that most of these trades too were in large parcels.

Aitken Spence saw nearly 0.6 million shares done closing Rs.1.50 up at Rs.119 with the bulk of the business done in two trades. The counter traded between Rs.117.50 and Rs.119 closing Rs.1.50 up at Rs.117.60 generating a turnover of Rs.67.2 million.

Ceylon Tobacco closed Rs.4.70 up at Rs.800 on 31,406 shares done between Rs.790 and Rs.800 contributing Rs.25 million to turnover while Commercial Bank saw nearly 0.2 million shares traded on the floor closing 40 cents up at Rs.102.40 trading between Rs.101.50 and Rs.103 contributing Rs.17.4 million to turnover.

Other heavily traded stocks included Bukit Darah up Rs.8 to Rs.670 on 15,676 shares and Sampath closing flat at Rs.200 on 18,088 shares.

Among the less pricey stocks that saw volume were Nation Lanka Finance up 20 cents to Rs.9.10 on nearly 0.3 million shares, LIOC down 10 cents to Rs.20.30 on 0.1 million shares, Madulsima up Rs.1.50 to Rs.16.50 on 0.1 million shares, East West closing flat at Rs.13.30 on 0.1 million shares and Expolanka down 20 cents to Rs.6.80 on slightly over 0.2 million shares.

source - www.island.lk