"The market was quite positive both in terms of gains in the main indices as well as turnover although there were no block trades or crossings. There was substantial retail activity evident," a broker said.
"The indices recorded strong gains supported by strong buying interest across the board. Improved activity levels were led by trades on JKH, CFLB and JINS, as well as a speculative second tier counters," John Keells Stock Brokers said in a market report.
The day’s top turnover generator was JKH which closed 10 cents down at Rs.197.90 on nearly 0.3 million shares done between Rs.197.50 and Rs.198 generating a turnover of Rs.54.6 million.
Colombo Fort Land followed, up Rs.5.70 to Rs.34.30 on nearly 1.7 million shares done between Rs.28.90 and Rs.34.30 contributing Rs.52.1 million to turnover.
Third in turnover ranking was Citrus Kalpitiya down 20 cents to Rs.6.20 on nearly 4.8 million shares traded between Rs.6.20 and Rs.6.60 generating Rs.30.1 million turnover followed by Janashakthi, up Rs.1.40 to close at Rs.11.90 on over 1.9 million shares done between Rs.11.20 and Rs.12.20.
Janashakthi announced a dividend of Re.1 per share before the market opened and brokers said that this had sparked interest in the counter.
Middle tier and low priced stocks including Nation Lanka Finance (over 1.5 million shares), ERI (over 0.7 million shares), Colombo Land (nearly 0.3 million shares) and Free Lanka Capital (over 4.4 million shares) were among most traded counters yesterday.
Blue chips that showed volume included Carsons, up Rs.4 to Rs.425 on 27,547 shares and Sampath, up 10 cents to Rs.178.10 on 64,346 shares.
Dividend announcements were made by United Motors with an interim Rs.3 per share for 2012/13 XD from Sept.11 and with payment on Sept. 19 and Lanka Walltiles paying a final dividend of Rs.3 per share for 2011/12 following shareholder approval at a Sept. 19 AGM. The share will trade XD from Sept. 20 with payment on Sept. 28.
Janashakthi’s first interim dividend for 2012 will be XD from Sept. 10 and with payment on Sept.19.
James Finlay announced a first interim dividend of Rs.1.50 per share for 2012 XD from Sept. 10 and with payment on Sept. 19.