Trading was sluggish on the CSE yesterday with the indices closing marginally in opposite directions and turnover barely topping Rs.1 billion, with 89 losers outpacing 59 gainers.
"It was a very quiet day with business volumes coming off JKH where there were two crossings at a price of Rs.301," Prashan Fernando of Acuity Stockbrokers said.
The All Share Price Index was up 8.84 points (0.14%) while the Milanka lost 3.47 points (0.05%) on a turnover of Rs.1.05 billion, down from the previous day’s Rs.3.3 billion.
JKH with over 0.6 million shares done between Rs.296 and Rs.301 was up 30 cents to close at Rs.300.50 generating the day’s top turnover of Rs.191.5 million.
Touchwood followed with nearly 2.6 million shares done between Rs.29 and Rs.33 losing Rs.2.80 to close at Rs.30 contributing Rs.79 million to turnover.
Among the stocks that showed price gains and some volume were Grain Elevators (one million shares) up Rs.2.90 to Rs.66, Tokyo X up Re.1 to Rs.35.50 on nearly 1.9 million shares and Three Acre Farms up Rs.7.10 to Rs.65.80 on nearly a million shares.
Dialog and LOLC held previous closing levels while SLT (0.4 million shares), Sampath (71,500 shares) and Ahungalle (0.1 million shares) were up slightly at close of trading.
Dunamis Capital announced a one for four rights issue at Rs.10 per share to raise Rs.240.6 million to repay debt and reduce gearing. The issue is subject to CSE and shareholder approval.
source - www.island.lk
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