Jun 19, 2013 (LBT) - Market gains 16 points: The bourse started off the day on a positive note gaining 42 points to 6,235 during the 1st hour of trading. The index adopted a downward trend afterwards but creating a volatile market pattern. However the index stayed in the green throughout the day to finally close with a gain of 16 points. NDB Capital Holdings, Ceylon Tobacco Company and John Keells Holdings were the main positive contributors to the index.
Commercial Bank seals top turnover slot: Commercial Bank led the turnover list with a single crossing of 410k shares dealt at LKR117.0. On-board trading in the counter was also high with the counter registering 3 mid-sized blocks of 112k, 50k and a further 50k at a similar price of LKR116.2. Other banking sector giants; Sampath Bank and Hatton National Bank also registered investor interest.
Conglomerates attain investor attention: Conglomerates; John Keells Holdings and Distilleries gained investor interest with the former recording 153k in volume while the latter recorded 201k in volume. No major blocks were traded in the counters while both recorded gains in their closing prices which were at LKR265.0 (+0.4%) and LKR193.0 (+0.5%) respectively.
Retailers on the side lines: Retailers continued to remain watchful in a rather volatile market where turnover and volumes have died down amidst selling pressure. Most retail favourite counters were also noted to be in negative territory.