Bourse down 0.12%

Turnover, MPI and S&P recover BOC does not disappoint
The Colombo Bourse fell further on Tuesday (04) with the All Share Price Index falling 0.12 percent, down 6.26 points to close at 5,331.45. Turnover recovered to Rs. 505.5 million on a little more than 62.3 million shares changing hands during the day.

The Milanka Price Index, however, closed in positive territory at 4,855.61, up 0.30 percent or 14.52 points. The S&P SL20 gained a marginal 0.03 percent, closing 0.77 points higher at 2,932.17.

Foreign purchases amounted to Rs. 368.9 million, leading to a net inflow of Rs. 156.38 million.

"The indices ended on a mixed note, with the ASPI ending marginally lower for a third consecutive trading day. Improved activity levels were boosted by crossings on JKH and GREG (warrants), which collectively accounted for around 65% of market turnover," John Keells Stockbrokers said.

The biggest gainer was UAL, closing 40 percent higher at Rs. 15.70. MIRA closed 11.63 percent higher at Rs. 95 while SEMB gained 10 cents to close at Rs.1.00.

Odel (R) fell 66.66 percent to close at 10 cents while Renuka Shaw Wallace (R) lost 10 cents to close at 10 cents.

An off market transaction concerning 658,285 JKH shares took place at Rs. 210. Two warrants of Environment Resources Investments (W6 and W3) featured in two crossings generating a total turnover of Rs. 189.2 million.

Bank of Ceylon yesterday announced that it had received applications worth Rs. 6.04 billion for its recently concluded debenture issue. The bank accepted all applications in full, not wanting to disappoint public investors, it said in a statement, which necessitated a reduction in the allotment set aside for the BOC Provident Fund which is now 601,100 debentures.

source - www.island.lk