The Colombo bourse yesterday sustained its upward trend with a turnover of Rs.702.3 million, up from the previous day’s Rs.479.5 million, with all indices moving up tidily – the All Share by 30.72 points (0.56%), the Milanka by 52.77 points (1.05%) and S&P by 29.74 points (0.94%) with 131 gainers comfortably ahead of 94 losers while 86 counters closed flat.
Brokers said that sentiment was a little more positive with the Central Bank easing monetary policy on Wednesday adding that the market did better during early trading though easing off at close.
"The indices ended sharply higher on the back of further gains in a few large caps, but partially gave up intra day gains by market close. Improved activity levels were largely dominated by trades on CTC, LLUB, and banking counters," John Keells Stockbrokers said.
Foreign purchases amounted to Rs. 212.35 million but with heavy selling, a net outflow of Rs. 23.40 million was recorded.
Crossings in Chevron where two big parcels totaling 450,000 shares traded at Rs.200, up Rs.2 from the previous close, in deals worth Rs.90 million and Infrastructure Developers where 200,000 shares were crossed at Rs.135 contributing Rs.27 million to turnover were yesterday’s block trades.
Brokers said that the indices were well supported by Ceylon Tobacco which closed Rs.40 up at Rs.800 with over 0.1 million shares done between Rs.760 and Rs.800, a one year high for the counter, closing at Rs.799.90 generating a turnover of Rs.104.5 million.
JKH also saw over 0.1 million shares traded closing Rs.2.90 up at Rs.217.40 trading between Rs.215 and Rs.218 contributing Rs.30.1 million to turnover supporting the indices.
Other major trades included Sampath which closed Rs.9 up at Rs.200 on nearly 0.3 million shares done between Rs.192 and Rs.201 contributing Rs.51.3 million to the day’s business volumes and HNB which closed 40 cents up at Rs.141 on nearly 0.3 million shares traded between Rs.141.10 and Rs.143.50 generating a turnover of Rs.38.4 million.
Other most traded blue chips included Distilleries up Rs.3.40 to Rs.157.50 on over 0.2 million shares, Commercial Bank (non-voting) down a rupee to Rs.89.50 on nearly 0.2 million shares, Commercial Bank (voting) up Rs.1.10 to Rs.102.70 on over 0.1 million shares and 50,000 Chevron closing Rs.2 up on the floor at Rs.199.90.
Ceylon Theatres lost a rupee to close at Rs.124 on over 0.1 million shares and Asia Capital was up 20 cents to close at Rs.30.20 on 0.4 million shares.
source - www. island.lk
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