Wednesday, January 9, 2013

Market positive

The Colombo bourse ended the day in positive territory with marginal gains seen in both the main market indices. The broad market , the All Share Price Index (ASPI) rose by 0.10% (5.84 points) over yesterday's close to end at 5,751.93 points. The S&P SL 20 Index (S&P) ended the day at 3,123.97 points, gaining 0.13% (3.93 points) for the day.

Market turnover doubled over yesterday's level to record a value of LKR 1,273.62 mn, chiefly due to the high value off the market trades in Asiri Central Hospitals PLC (ASHA) and Commercial Bank of Ceylon PLC (COMB).

The other high turnover generating counters were John Keells Holdings PLC (JKH), Lanka Orix Leasing Company PLC (LOLC), and Hatton National Bank PLC (HNB).

The turnover generated from COMB and ASHA alone accounted for 62% of the total turnover of the day.

ASHA generated the highest turnover for the day of LKR.562.50 mn on the back of a high value solitary crossing. A volume of 2.25 mn shares transacted at a price of LKR 250.00 via the off the market trade. The counter ended the day at LKR 248.00, rising by 9.73% (LKR 22.00) over the previous close.

The banking counter, COMB generated a turnover of LKR 254.15 mn over a volume of 2.43 mn shares. COMB witnessed a volume of 2.19 mn shares transact through five off the floor trades at an uniform price of LKR 104.50.

The counter ended the day at a price of LKR 105.10, gaining 0.10% (LKR 0.10) over yesterday's close. Crossing were also seen in JKH, LOLC and HNB.
SC Research

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