Saturday, December 1, 2012

Bourse closes week on downward mode

Turnover low, indices dip

The Colombo bourse closed the week back in a downward mode with turnover a disappointing Rs.344.8 million, down from the previous day’s Rs.877.5 million, with all indices down – the All Share by 12.35 points (0.23%), the Milanka by 21.71 points (0.44%) and S&P SL20 by 16.86 points (0.57%) with 107 losers well ahead of 79 gainers while 56 counters closed flat.

Brokers said it was "another down day" with JKH in which foreign interest continues generating the top turnover of Rs.72.6 million. Other major turnover generators were Nestle (Rs.28 million), Distilleries (Rs.27.8 million) and Aitken Spence Hotels (Rs.16.8 million).

Brokers said that JKH gained on the previous close most of the day but was down Rs.6.20 at close on very thin trades at Rs.205.50.

Distilleries closed flat at Rs.150 on nearly 0.2 million shares trading between Rs.150 and Rs.150.20 contributing Rs.28.2 million to turnover while Nestle was up sharply by Rs.25 to close at Rs.1,309.90 on 25,550 shares, generating a turnover of Rs.28 million.

``There were two parcels of 10,000 shares each indicating trading by high net worth investors,’’ a broker said. ``The counter has been going up sharply in recent days.’’

Aitken Spence Hotels was up 90 cents to close at Rs.71 contributing Rs.17.2 million to turnover, PC House closed flat at Rs.5.20 on over 2.4 million shares on a turnover of Rs.12.7 million while Commercial Bank (voting) also closed flat at Rs.100 on slightly over 0.1 million shares with a turnover of Rs.11.3 million.

Alliance Finance announced an interim dividend of Rs.25 per share for 2012/13 XD from Dec. 10 and with payment on Dec. 18 while Ceylon Tea Services announced an interim dividend of Rs.20 per share for 2012/13 XD from Dec. 10 and with payment on Dec. 14.

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