The transfer of 24% of the Eden Hotel in Beruwela from Riverina to Palm Garden in a deal worth Rs.386.3 million accounted for over half yesterday’s turnover on the Colombo bourse.
Well informed sources said that this transfer was between two companies within the LOLC group which last year took control of Confifi properties in Beruwela.
The market lost ground in trading yesterday with all three indices declining – the All Share by 39.78 points (0.80%), the Milanka by 48.15 points (1.09%) and S&P by 25.36 points (0.89%) on a turnover of Rs.797.2 million, down from the previous day’s Rs.973.6 million, with 58 gainers outpaced by 122 losers.
In addition to the Eden deal of nearly 12.9 million shares crossed at Rs.30, 680,000 JKH was crossed at Rs.185, down Rs.5 from the previous close, and 5 million Dialog crossed at Rs.6.20, the same price at which the share was previously transacted.
On the trading floor JKH closed Rs.3 down at Rs.186 with nearly 0.2 million shares done between Rs.185 and Rs.190.
The biggest turnover generator on the floor was PC House which closed Rs.4 up at Rs.14 with over 5.1 million shares done between Rs.13.50 and Rs.14 contributing Rs.80.3 million to the day’s turnover.
Banking stock like NDB, NTB, HDFC, HNB and Seylan (non-voting) also demonstrated quantity. NTB was up 50 cents to close at Rs.47.50 on nearly 0.3 million shares, HDFC up Rs.1.30 to close at Rs.60.30 on over 0.1 million and NDB closed flat at Rs.102 on over 0.1 million shares. Seylan X gained 30 cents to close at Rs.27.50 on 0.2 million shares.
Sinhaputhra Finance announced a two-rupee dividend per share for 2011/12 with dates to be notified while NTB named Ms. Renuka Fernando as the bank’s new CEO/Director effective from September 15 when the contract of service of the current incumbent, Mr. Saliya Rajakaruna, ends.
The new appointment has been approved by the Bank Supervision Department of the Central Bank. Fernando currently serves as Deputy CEO of NTB and has been a key member of the bank’s corporate management team for the past 10 years.