Apr 11, 2013 (LBT) - Bourse on uptrend amidst holiday sentiment: Interestingly, the bourse was on a clear uptrend during the day on the back of the holiday sentiments. ASPI rallied to an intra-day high of 30 points and settled the day with a gain of 19 points to close at 5,813.37. The gains recorded in Ceylon Tobacco Company (+1.1%), Hatton National Bank (2.0%) and Vallibel One (+3.5%) pushed the overall index up during trading. Turnover of the day was primarily backed by off-board transactions where they accounted for 57.0% of the overall turnover.
HNB dominating the crossing board: Banking giant Hatton National Bank spearheaded the daily turnover with four crossings accumulating to 2.7mn shares which changed hands at a price of LKR168.0. However the counter witnessed lackluster activity on-board and ended at LKR165.8 (+2.0%). Off-board activity was also seen in counters Cargills (Ceylon), Dialog Axiata and Central Finance. The former recorded a single off-board transaction of 199k shares which was dealt at a price of LKR153.0 and also a single on-board block of 127k shares which was transacted at LKR153.0
Heavy on Board Interest on Commercial Bank: Commercial Bank attracted heavy investor interest with active trading throughout the day. The counter transacted a single large on-board block of 441k shares in late trading which was dealt at a price of LKR113.5 and closed for the day at LKR113.5 (+0.4%) Retail activity UBC and FLCH: Retail activity was notable in Union Bank and Free Lanka Capital Holdings where the former which displayed a rally recently closed today at LKR20.6 with a gain of 5.6%.
http://lbt.lk/stock-market/movement/4140-bourse-on-uptrend-amidst-the-holiday-season