Sri Lankan stocks flat; high turnover driven by Aitken Spence, Lion Brewery...

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Sri Lankan share prices were virtually flat on Tuesday, despite big ticket deals in Aitken Spence PLC and Lion Brewery PLC which propelled the bourse to one of its highest turnovers in a single trading day, brokers said.

The benchmark All Share Price Index was down 0.44 points or 4,989.99 while the liquid Milanka Price Index dipped 16.96 points or 0.38 percent to close at 4,435.55, according to Colombo Stock Exchange figures.
Turnover was 8.08 billion rupees, which the second highest for the year since March 15, brokers said. Foreign buying accounted for 722.34 million rupees over foreign sales of 36.43 million rupees.

Conglomerate Aitken Spence, with investments ranging from leisure to logistics, dominated trading in terms of turnover on a one-off deal. The counter closed flat at 111.00 rupees on trades of 66.44 million shares.

Brokers speculated that the Distilleries group had sold a block of 66,420,425 shares for 106.60 rupees (down 4.40 rupees) to a relate party.

Lion Brewery, the island’s largest brewer, rose 15.00 rupees to 215.00 rupees on trades of 2.4 million shares. Brokers said three large parcels of Lion Brewery, in blocks of 235,025, 91,455 and 1,188,545 were sold at 215.00 rupees a piece.
Market heavyweight, conglomerate John Keells Holdings PLC slipped 30 cents to 190.00 rupees on 1.012 million shares.

Other notable trades came from Softlogic Holdings PLC, which has agencies for a range of electronic equipment including Panasonic and Nokia mobile phones, was flat at 10.10 rupees on trades of 5.72 million shares.

http://www.lankabusinessonline.com/fullstory.php?nid=1721218059

Redbulls · 2 Bourse slips marginally Tue Jun 26, 2012 8:11 pm

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Written by The Nation
Retail investors remained on the sidelines with retail active counters witnessing profit taking and trading on low volumes. The indices managed to hold on despite the prevailing negative sentiment.

ASI dropped by 0.44 points (0.01%) to close at 4,989.99 whilst the MPI lost 16.96 points(0.38%) to close at 4,435.55. Today’s turnover stood at Rs. 8.1 billion. Today’s turnover is the highest since 16th March 2012.

Today’s highlight was the transfer of a stake approximately amounting to16.5% of Aitken Spence being transacted in an off-the-floor deal. The deal was done at Rs. 106.60 with a total value of Rs. 7.08 billion. Few other large transactions also took place today. Approximately 5.4 million shares of Softlogic Holdings transacted at Rs. 12 whilst a parcel of 2.4 million shares of Lion Breweries changed hands at Rs. 215 contributing Rs. 516 million.

Blue chip John Keells Holdings also made a noteworthy contribution to turnover with Rs. 193 million. Most other counters traded on thin volumes.

Shares of Lion Breweries rose by around 7.5% (Rs. 15) with heal volumes whilst Ceylon Cold Stores rose by Rs. 9.10 and The Finance rose by Rs. 2.30 to Rs. 23.60 with good turnover levels.

SMB Leasing, Ramboda Falls and Royal Ceramics Lanka were the biggest losers for the day with notable turnover levels. These counter lost Rs. 0.10(9%), Rs. 1.80(8%) and Rs. 6(6%) respectively.

Foreign participation was 4.7% of today’s turnover whilst net foreign inflows amounted to Rs. 685.9 million. Total net foreign inflows amounts to Rs. 23.3 billion for the year.
http://www.nation.lk/edition/biz-news/item/7556-bourse-slips-marginally.html