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Thursday, February 14, 2013

Gainers outpace losers but indices & turnover down

The Colombo bourse yesterday posted a low turnover of Rs.597.5 million, down from the previous day’s Rs.705.3 million, with both indices down – the All Share by 9.09 points (0.16%) and the S&P SL20 marginally by 0.84 points (0.03%) with 95 gainers ahead of 85 losers while 133 counters closed flat.

Foreign purchases amounted to Rs. 221.78 million, resulting in a net inflow of Rs. 159.02 million.

Commercial Credit and Finance PLC closed its debenture issue yesterday raising Rs. 500 million.

The company had initially planned to sell 2.5 million unsecured subordinated redeemable five year debentures at Rs. 100 each, and upon oversubscription, another 2.5 million.

"The ASPI gave back intraday gains to end marginally lower amid subdued activity levels, with trades on JKH accounting for roughly 25% of the day’s turnover," John Keells Stockbrokers said.

There was one block trade in Browns Investments where slightly over 29 million shares were crossed in two parcels at a price of Rs.3.80 in deals worth Rs.110.3 million. The counter closed 20 cents up at Rs.3.60 on the trading floor with nearly 8.9 million shares done between Rs.3.40 and Rs.3.70 contributing Rs.31.8 million to turnover.

JKH continued to be the most traded stock for the day closing flat at Rs.231 on nearly 0.7 million shares done between Rs.230.10 and Rs.232 contributing Rs.152.3 million to turnover. The counter reached its 52-week high of Rs.232 in intra-day trading.

Dialog was the next on the turnover league gaining 30 cents to close at Rs.9.40 with over 4.9 million shares done between Rs.8.90 and Rs.9.40 - a 52-week high. Brokers said that the counter was attracting retail play.

Sampath Bank continued to gain closing Rs.2.60 up at Rs.238.40 on nearly 0.2 million shares transacted between Rs.235 and Rs.239 contributing Rs.36.5 million to the day’s business volume.

Other most traded stocks included Colombo Land closing 80 cents up at Rs.33.10 on over 0.5 million shares, Kegalla down Rs.1.10 to close at Rs.108.60 on over 0.1 million shares, Lanka Ventures down Rs.1.30 to Rs.32 on nearly 0.4 million shares and NDB up a rupee to Rs.151 on 71,021 shares.

source - www.island.lk