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Thursday, January 3, 2013

Bourse opens New Year on an upward mode

The Colombo bourse opened the New Year on an upward mode with a crossing of nearly 13.5 million Commercial Bank (voting) at Rs.103.50 per share generating most of yesterday’s turnover, brokers said.

Apart from the crossing which generated Rs.1.4 billion, floor trades of nearly 0.4 million ComBank contributed a further Rs.36.9 million to the day’s business volumes. The bank was the biggest turnover generator on the trading floor too.

Both indices were up, with the All Share gaining 40.79 points (0.72%) and S&P SL20 up 5.59 points (0.18%) with a turnover of Rs.1.68 billion, up from the previous trading day’s Rs.289.3 million with 192 gainers strongly outpacing 42 losers while 77 counters closed flat.

Foreign purchases amounted to Rs. 1,424.12 million, but a net outflow of Rs. 17.15 million was reported with foreign sales amounting to Rs. 1,441.28 million.

"The ASPI ended higher on the first trading day of the new year, amid gains in several large cap counters. Turnover crossed Rs. 1bn primarily on the back of crossings on COMB, which accounted for over 80% of market turnover," John Keells Stockbrokers said.

ComBank, both on the crossing as well as floor trades was responsible for the lion’s share of the day’s business with other contributors including Nation Lanka Finance with over 3.1 million shares traded and Asia Asset Finance with nearly 4.2 million shares traded.

ComBank closed 60 cents up at Rs.103.60 on the floor, trading between Rs.103.20 and Rs.104.

Nation Lanka was Rs.1.50 up to close at Rs.121.30 trading between Rs.9.70 and Rs.11.40 while Asia Asset Finance closed 30 cents up at Rs.3.20.

JKH edged down 40 cents to close at Rs.219.50 on 44,925 shares done between Rs.219 and Rs.220.

All counters on the most traded list were gainers with the exception of JKH, brokers said.

"Most of yesterday’s business was on ComBank with very little activity elsewhere," a broker said.

NDB and NTB were banking stocks that saw some quantity with NDB closing Rs.2.10 up at Rs.140 on 59,076 shares and NTB closing a rupee up at Rs.57 on over 0.1 million shares.

source - www.island.lk