Saturday, June 1, 2013

Bourse gains marginally on modest turnover

The Colombo bourse yesterday closed marginally up on a turnover of Rs.731.7 million, down from the previous day’s Rs.2.5 billion, with the All Share Price Index gaining 7.94 points (0.12%) and S&P SL20 gaining 6.28 points (0.17%) with block trades in Commercial Bank contributing Rs.102.4 million to turnover.

Block trades in ComBank, Lanka Tiles and Aitken Spence accounted for Rs.152.5 million to turnover with JKH which closed Rs.1.90 down at Rs.285 on slightly over 0.2 million shares topping the floor trades. The counter traded yesterday between Rs.294.50 and Rs.287 with brokers saying that foreign buying had dried up.

Despite the marginal gain in the indices 142 gainers strongly outpaced 77 losers while 49 counters closed flat.

There was activity in the property sector with CT Land, Colombo Land and Ceylinco Seylan Development showing activity.

CT Land closed 70 cents up at Rs.32.50 on nearly 1.5 million while Colombo Land lost 90 cents to close at Rs.52.70 on nearly 0.7 million shares.

On the trading floor Commercial Bank closed flat at Rs.123 whereas the block trades were done at a price of Rs.125. Nearly 0.2 million ComBank (voting) was done on the floor between Rs.122.50 and Rs.123.50.

Nation Lanka Finance continued to show volume closing 60 cents up at Rs.11.50 on nearly 3.8 million shares while Laugh Gas (non-voting) closed 10 cents up at Rs.23.50 on nearly 1.3 million shares.

Among the pricey stocks, Chevron closed Rs.10.90 up at Rs.331 on 79,610 shares and Ceylon Tobacco closed 11.10 up at Rs.990 on 20,893 shares.

Central Industries announced a final dividend of Rs.3 per share for 2012/13 with dates to be notified while Sathosa Motors announced a final dividend of Rs.5 per share for 2012/13 also with dates to be notified.

On Thursday Dankotuwa Porcelain announced a final dividend of 40 cents per share, CWE a first and final dividend of Rs.3 per share, Laugf a first and final dividend of Rs.1.50 per share, Odel a final dividend of 10 cents per share, Sunshine Holdings a final dividend of 50 cents per share and Singer Finance a final dividend of 65 cents per share.

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