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Thursday, January 10, 2013

Bourse marginally down with more block trades in Asiri

The Colombo bourse yesterday closed marginally down on a turnover of Rs.497.2 million, down from the previous day’s Rs.1.27 billion, with the All Share Price Index losing 6.83 points (0.12%) and S&P SL20 down 3.10 points (0.10%) with 104 gainers comfortably ahead of 74 losers while 55 counters closed flat.

"The ASPI ended marginally lower amid subdued activity levels led by trades on DIAL, which accounted for over 20% of the day’s turnover. The market saw crossings on ASIR and AMSL," John Keells Stockbrokers said.

Foreign purchases amounted to Rs. 139.26 million, but with selling outweighing purchases a net outflow of Rs. 31.44 million was recorded for the day.

Crossings in Asiri Surgical Hospitals where nearly 2.8 million shares changed hands at Rs.9.50 in a deal worth Rs.26.3 million and Asiri Hospital Holdings where 4 million shares were crossed at Rs.11.40 in a Rs.45.6 million transaction accounted for a fair slice of the day’s business volumes, brokers said.

Analysts noted the restructuring of the Asiri Hospital Group’s controlling holding in the past few days.

On the trading floor, Dialog closing flat at Rs.8.40 on nearly 7.8 million shares traded between Rs.8.30 and Rs.8.50 contributing Rs.65.2 million to turnover was the most active stock with several large parcels among the trades at the Rs.8.40 price, brokers said.

Commercial Bank (voting) closed 30 cents up at Rs.105.40 with nearly 0.3 million shares done between Rs.105 and Rs.105.40 generating a turnover of Rs.29.6 million which was the second largest on the trading floor.

Other counters that showed volume included Distilleries up Rs.4.80 to Rs.170 on over 0.1 million shares done between Rs.167 and Rs.171 contributing Rs.18.7 million to turnover, JKH closing 40 cents down at Rs.223.90 on 78,722 shares done between Rs.223 and Rs.224.50 contributing Rs.19 million to turnover and LIOC closing 10 cents up at Rs.19.60 on over 0.8 million shares done between Rs.19.50 and Rs.19.70 generating a business volume of Rs.16.6 million.

LOLC closing one rupee up at Rs.60 on nearly 0.3 million shares, Softlogic closing flat at Rs.11.50 on over 1.2 million shares and Chevron gaining a rupee to close at Rs.211 on 46,901 shares were among the most traded stocks.

Brokers said that retail participation in the market yesterday was muted.

source - www.island.lk