Renewed interest on banking stocks and institutional interest in John Keells Holdings saw the Colombo Stock Exchange bounce back on Tuesday, brokers said.
The All Share Price Index gained 0.68 percent to close at 6,862.79, up 46.05 points while the Milanka Price Index gained 1.84 percent, up 116.65 points to close at 6,449.58.
Turnover reached Rs. 2.5 billion on a volume of 47.3 million shares changing hands during the day which saw 96 counters close on a positive note against 106 that closed in the red.
"The market which saw a lull during the last few days saw a notable recovery on Tuesday. This was backed by institutional interest on index heavy John Keells Holdings and renewed interest on banking stocks," Bartleet Mallory Stockbrokers said. The market, which saw days of dismal index performance, was primarily institutional and retail driven," it said.
"Foreign participation on John Keells Holdings (JKH) boosted activity levels in an otherwise dull day’s trading," John Keells Stockbroker said.
The Colombo Stock Exchange saw a net foreign inflow of Rs. 28 million.
JKH was the highest turnover generator at Rs. 1.4 billion and also the highest traded stock with 6.84 million shares changing hands during the day. JKH saw six crossings of 6.66 million shares at Rs. 207. The stock closed at Rs. 215.
Commercial Bank of Ceylon generated a turnover of Rs. 118.2 million to close at Rs. 259.80 and featured in one crossing of 387 thousand shares at Rs. 260.
Sampath Bank PLC saw a crossing of 107 thousand shares at Rs. 244.
source - www.island.lk
No comments:
Post a Comment