Saturday, January 12, 2013

Turnover eases but both indices up

Turnover on the Colombo bourse eased though both indices picked up with the all Share Price Index gaining 14.28 points (0.25%) and S&P SL20 up 15.49 points (0.50%) on a turnover of Rs.454.2 million, down from the previous day’s Rs.1.01 billion, with 86 gainers ahead of 81 losers while 90 counters closed flat.

" The ASPI ended higher on the back of sharp gains in a few large cap counters. Trades on JKH, DIST, and CTC, collectively accounted for around 40% of market turnover, inclusive of a crossing on CTC," John Keells Stockbrokers said.

Foreign sales amounted to Rs. 145.23 million leading to a net outflow of Rs. 14.37 million.

There was just one block trade of Ceylon Tobacco with 50,000 shares done at Rs.896 in a deal worth Rs.44.8 million.

JKH topped the turnover league closing 60 cents down at Rs.223 on nearly 0.4 million shares done between Rs.222.10 and Rs.223.20 contributing Rs.79.3 million to turnover.

Distilleries, where foreign interest continued, closed Rs.5.10 up at Rs.180.10 on slightly over 0.3 million shares done between Rs.175 and Rs.180.50 contributing the day’s second highest turnover of Rs.56.3 million.

Commercial Bank (voting) continued to show volume closing flat at Rs.105 on over 0.3 million shares done between Rs.104.80 and Rs.105.90 generating a business volume of Rs.33.6 million.

ERI returned to the limelight with nearly 1.3 million shares traded between Rs.15.70 and Rs.16.10 gaining 10 cents to close at Rs.15.80 and contributing Rs.19.9 million to turnover. Textured Jersey also closed 20 cents up at Rs.9.10 on 2.2 million shares contributing Rs.19.9 million to turnover.

Brokers said that the JKH trades were in small parcels. They said that foreign interest in this stock continued with foreign buyers also looking for quantities in Distilleries.

Among the most traded blue chips were Sampath Bank (voting) closing Rs.1.70 up at Rs.204 on 84,773 shares, Central Finance closing 50 cents up at Rs.176 on 82,468 shares, Hayleys closing 10 cents down at Rs.299.90 on 47,602 shares, Aitken Spence up Rs.1.10 to close at Rs.121.70 on over 0.1 million shares and LMF up Rs.8 to Rs.108 on 78,503 shares.

Brokers said that LMF owns 12 percent of Distilleries and its upward momentum is influenced by Distilleries moving up in recent days.

source -

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