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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bourse closes flat, indices point in opposite directions

Bourse closes flat, indices point in opposite directions

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CSE.SAS

CSE.SAS
Global Moderator
The Colombo bourse yesterday closed virtually flat with both indices marginally pointing in opposite directions - the All Share Price Index up 5.70 points (0.15%) and the Milanka down 1.59 points (0.04%) on a turnover of Rs.972.5 million, down from the previous day’s Rs.8.08 billion, with 109 gainers ahead of 81 losers.

The S&P Index closed 6.55 points (0.23%) down.

Much of the day’s business volumes came from block trades in JKH where 3.3 million shares were crossed at Rs.182.50 and 284,000 shares at Rs.190 in deals worth Rs.668.4 million accounting for the bulk of the day’s turnover.

Textured Jersey too saw 4.2 million shares crossed at Rs.7.70 generating Rs.32.7 million turnover.

Apart from the block trades, Commercial Bank (non-voting) closing flat at Rs.74 on over 0.4 million shares done between Rs.74 and Rs.74.50, was the biggest turnover generator posting a business volume of Rs.31.7 million.

PC House closing 50 cents up at Rs.7 on nearly 3.5 million shares traded between Rs.6.60 and Rs.7 and Access Engineering closing 90 cents up at Rs.18.50 on slightly over 1 million shares done between Rs.17.90 and Rs.19.80 were among the bigger turnover generators.

Blue chips demonstrating volume included Carsons down 70 cents to close at Rs.465 on 42,001 shares done between Rs.465 and Rs.465.60 and JKH with 84,524 shares closing one rupee down at Rs.189 trading between Rs. 189 and Rs.191 helped turnover.

Dividends were announced by Bairaha Farms paying Rs.2 per share (final) for 2011/12 XD from July 9 and payment on July 18, AMW Capital Leasing & Finance paying 60 cent per share for 2011 XD from July 9 and payment on July 17 and Kahawatte Plantations an interim dividend of 50 cents per share for 2012 XD from July 9 and payment on July 18.

Horana Plantations and Sathosa Motors that had already announced dividends notified the dates.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=55437

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