Saturday, March 9, 2013

Crossings help turnover: Turnover tops a billion & indices up

The Colombo bourse yesterday closed the week on a turnover of Rs.1.21 billion, down from the previous day’s Rs.2.54 billion, with both indices up – the All Share by 11.37 points (0.20%) and S&P SL20 by 2.33 points (0.07%) with 139 gainers comfortably ahead of 74 losers while 99 counters closed flat.

Brokers said that the market gave some intra-day gains at close of trading with the All Share Price Index being over 20 points most the day.

Crossings in Ceylon Tobacco, JKH, ERI, Sampath and Royal Ceramics contributed Rs.717.5 million to turnover with Ceylon Tobacco, where over 0.4 million shares were crossed at Rs.800, contributing Rs.321.4 million to turnover.

JKH too saw over 1.2 million shares crossed in two parcels at different prices – one at Rs.233 and the other at Rs.234.50 contributing Rs.288.6 million to turnover.

Royal Ceramics yielded Rs.21.8 million with over 0.2 million shares crossed at Rs.98.10, ERI Rs.62.4 million with nearly 4.1 million shares crossed at Rs.15.30 and Sampath Rs.23.3 million with 0.1 million shares crossed at Rs.232.50.

Commercial Bank (voting) was the biggest turnover generator on the floor with nearly a million shares done between Rs.107.80 and Rs.109.40 closing 20 cents down at Rs.107.90 contributing Rs.103.5 million to turnover.

A large quantity of nearly 10.2 million Piramal Glass was transacted on the floor between institutions in deals worth Rs.61.2 million. The counter closed 20 cents down at Rs.6 trading between Rs.6 and Rs.6.10 contributing Rs.61.2 million to turnover.

Royal Ceramics was up Rs.1.30 to close at Rs.100 on over 0.4 million shares done between Rs.98.20 and Rs.101 contributing Rs.43.7 million to the day’s business volumes while HNB (voting), which had seen considerable interest recently, closed Rs.4 up at Rs.156 on nearly 0.3 million shares done between Rs.152 and Rs.156 generating a turnover of Rs.39 million.

HNB (non-voting) also moved up Rs.3.70 to close at Rs.127.40 on over 0.2 million shares done between Rs.123.50 and Rs.128.50 contributing Rs.27.3 million to turnover.

Renuka Shaw Wallace was up Rs.1.70 to close at Rs.20 on nearly 1.5 million shares, JKH down Rs.1.10 on the floor to close at Rs.233 on over 0.1 million shares and Asian Hotel Properties up Rs.1.40 to close at Rs.71 on over 0.2 million shares.

Renuka Holdings closed 50 cents up at Rs.31.30 on 0.5 million shares, Nation Lanka closed 40 cents down at Rs.9.50 on over 1.4 million shares and Janashakthi closed 50 cents up at Rs.12 on nearly a million shares.

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