Wednesday, January 16, 2013

Market ends stronger

Market continued to fluctuate within a thin range to end marginally stronger over last Fridays close.

The Colombo benchmark, the All Share Price Index (ASPI) ended the day at 5,750.24 points, gaining a trivial 0.07% (3.75 points) for the day whilst the S&PSL20 index closed flat at 3,134.32 points.

Market turnover improved to LKR.727.63 Mn over last Friday's turnover primarily as a result of the high value off the floor trades in Commercial Bank of Ceylon (COMB) and John Keells Holdings (JKH).

The other major turnover generators for the day were Sampath Bank (SAMP), Central Finance (CFIN) and Dialog Axiata (DIAL).

The top five turnover contributors accounted for circa 77% of the days total market turnover.

COMB saw four crossings take place at a uniform price of LKR.105.00 generating a turnover of LKR.217.22 Mn. The four off the market block trades consisted of 2.07 Mn shares in total. Further 394 k shares of COMB traded though the market carrying the total turnover generated by the counter to LKR.258.5 Mn. The share traded at a high of LKR.105.90 and a low of LKR.104.90, before ending the day unchanged at LKR.105.00 over the previous close.

JKH was associated with two crossings comprising of 450 k shares.

The negotiated trades took place at a uniform price of LKR.225.00. The counter witnessed a further 364 k shares transact through the market at a high of LKR.224.50 and a low of LKR.223.00. JKH contributed a turnover of LKR.182.64 Mn to the day's market turnover. The counter closed trading at LKR.224.30, climbing by 0.58% (LKR.1.30) over last Fridays close. Investor interest was evident in SAMP. The banking counter saw a volume of 307 k shares change hands at a high of LKR.205.50 and a low of LKR.202.00 generating a turnover of LKR.62.91 Mn.

SC Research

source  - www.dailynews.lk

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