Some retail activity was evident on the Colombo bourse yesterday with play in Access Engineering, Textured Jersey and Lanka Indian Oil Corporation, brokers said.
Both indices were up with the All Share Price Index gaining 12.63 points (0.21%) while S&P SL20 gained a marginal 1.78 points (0.05%) on a turnover of Rs.403 million, up from the previous day’s Rs.328.5 million, with 92 gainers slightly behind 98 losers while 123 counters closed flat.
Foreign selling amounted to Rs. 136.4 million, leading to a net outflow of Rs. 71.96 million.
``Strong gains in large cap power & energy and construction & engineering counters pushed the ASPI higher. Activity levels improved slightly and were dominated by trades on JKH and AEL, which collectively accounted for roughly 40% of the day’s turnover, inclusive of a block trade on JKH," John Keells Stock Brokers said in a market report.
Foreign selling outpaced buying leading to a net outflow of Rs. 71.97 million with sales of Rs. 136.41 million and purchases of Rs. 64.45 million.
One crossing of 126,000 JKH in a single block at a price of Rs.260 per share generating Rs.32.8 million turnovers was posted.
On the trading floor, JKH which closed Rs.1.30 down at Rs.261 with nearly 0.3 million shares done between Rs.260 and Rs.263 contributing Rs.66.9 million to turnover was the single biggest business generator.
While this was the most traded stock in value terms, brokers noted that it has been edging down in recent days although buying interest is seen.
Access Engineering saw over 2.8 million shares done between Rs.21.80 and Rs.22.60 closing a rupee up at Rs.22.40 contributing Rs.62.8 million to turnover. Brokers noted that this counter which touched its 52-week high of Rs.22.60 in intraday trading was attracting considerable retail play.
``The counter has been moving up in recent days,’’ a broker said.
LIOC, the third biggest contributor to turnover yesterday, closed Rs.1.90 up at Rs.28 on 1.1 million shares traded between Rs.27 and Rs.28.40 contributing Rs.30.9 million to turnover. Brokers said its share price had moved up with the latest published results.
Textured Jersey closed 20 cents down at Rs.14.40 on over 1.4 million shares done between Rs.14.30 and Rs.15 contributing Rs.21.1 million to turnover with the share touching its 52-week high of Rs.15 during the day’s trading.
Other counters that demonstrated volume included Vallibel Power closing 10 cents up at Rs.6.50 on nearly 2.2 million shares, Hemas Holdings up one rupee to close at Rs.33.60 on nearly 0.4 million shares and People’s Leasing closing flat at Rs.14.40 on nearly 0.6 million shares.
Banking stocks among the most traded counters included Sampath up Rs.2.30 to Rs.196 on 52,572 shares, Commercial Bank up 30 cents to Rs.119.30 on 536,686 shares and HNB up Rs.1.50 to Rs.154.50 on 43,478 shares.
Samson International announced a first and final dividend of Rs.2 per share for 2012/13 XD from Aug. 22 and with payment on Sept. 3.