The Colombo Stock Exchange closed 0.13 percent lower on Monday (20) with the All Share Price Index falling 9.35 points to close at 7,040.68. The Milanka Price Index of more liquid stocks closed 0.04 percent higher, gaining 2.33 points to close at 6,603.2. Year to date, the CSE has gained 6.10 percent while the Milanka was down 6.49 percent.
"The Colombo bourse witnessed overall low activity levels within today’s trading session. Retail investor interest in speculative counters and penny stocks continued. There was a lack of institutional investor buying evident. Relatively illiquid counters such as Swarnamahal Financial Services PLC also came in to the limelight," Bartleet Mallory Stockbrokers said.
Swarnamahal Financial Services gained 74.75 percent to close at Rs. 69.9 and contributed Rs. 196 million to turnover at the bourse, resulting in the stock being captured in the 10 percent price band from June 21 to 27, 2011.
Turnover reached Rs. 1.7 billion with 116.7 million shares changing hands during the day, with 79 counters closing with positive gains with 111 making negative gains.
Foreign purchases amounted to Rs. 112.26 million with sales amounting to Rs. 104.76 million.
The highest contributor to the day’s turnover came from PC House at Rs. 234.2 million and closed at Rs. 21.94. JKH contributed Rs. 125.6 million to turnover closing at Rs. 297.02.
Kalamazoo Systems PLC lost 47.69 percent to close at Rs. 3,542.13 to be the biggest loser of the day.
JKH saw two crossings with 335,000 shares changing hands at Rs. 297 while Expolanka featured in a crossing amounting to 1,556,500 shares at Rs. 12.90.
The banking, finance and insurance cluster was the highest contributor to turnover at 27.99 percent while the IT cluster made the biggest gain of 2.58 percent.
source - www.island.lk
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