Trading yesterday continued to be lackluster on the Colombo bourse where the indices closed in opposite directions – the All Share up a marginal 6.76 points (0.10%) while the Milanka was down 18.15 points (0.29%) on a turnover of Rs.1.38 billion, down from the previous days Rs.1.69 billion, with 94 gainers behind 106 losers.
A fair proportion of the day’s turnover came off crossings in blue chip stocks including Asian Hotels where a million shares was crossed at Rs.90.50, Aitken Spence where two parcels of 160,000 shares and 240,000 shares were crossed at Rs.141, Aitken Spence Hotels where two parcels of one million shares and 225,000 shares were crossed at Rs.75, a parcel of 500,000 JKH done at Rs.202 and 20,000 Bukit Darah done at Rs.1,100 a share, Prashan Fernando of Acuity Stockbrokers said.
Interest in some of the new issues at recent IPOs tended to be waning with less interest in Orient Garments, Vallibel One, Swarnamahal and Expolanka than in recent days although these counters are still showing volume, brokers said.
However, all these counters except Expolanka which dropped 40 cents posted price gains – Orient Garments up 40 cents to close at Rs.35, Vallibel One up 10 cents to close at Rs.29.10 and Swarnamahal up 70 cents to close at Rs.104.
The biggest turnover generator yesterday was JKH which closed 60 cents up at Rs.202 with 0.9 million shares done between Rs.201.20 and Rs.208 contributing Rs.187 million to the day’s turnover.
Spence Hotels and Asian Hotels both closed flat at Rs.74 and Rs.91.50 to finish second and third on the turnover league while Aitken Spence was down Rs.2.50 to close at Rs.140.10 on nearly 0.5 million shares.
E-Channeling saw over 6 million shares done between Rs.5.90 and Rs.6.60 gaining 50 cents to close at Rs.6.10.
source - www.island.lk
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