Aug 19, 2013 (LBT) - Indices recovered to close with a gain: Indices depicted a downward path today ending the day with a 9 points loss. Losses on Sri Lanka Telecom (-2.4%) and Ceylon Tobacco Company (-0.4%) derailed the overall index performances. Turnover levels were healthy at LKR1.1bn, mainly supported by 77% contributions from off-board transactions. S&P SL20 however ended on a marginally positive ground with a gain of 3 points at 3,494.18.
HNB adding 73% to the daily turnover: Hatton National Bank [Non-Voting] spearheaded the turnover, adding nearly 73% to the daily turnover backed by a single off-board transaction of 7mn shares which was dealt at LKR117.5. The counter displayed low activity levels on-board and closed at LKR115.0 with a marginal gain of 0.8%. John Keells Holdings too denoted off-board interest with a single crossing of 195k shares which changed hands at LKR258.0.
COMB and NEST attracted heavy on-board interest: Commercial Bank, which released financials below expectations, displayed notable on-board investor interest supported by two 100k trades at LKR119.5. COMB closed at LKR119.6 with a marginal gain of 0.08%. Nestle Lanka too attracted heavy on-board interest with several large transactions, largest being the 5.2k shares which traded at LKR2,500.0. NEST closed at a 52-week high of LKR2,544.8 with a gain of 4.2%. Retail activity on selected stocks: Retail activity was moderate and surrounded on Nations Lanka Finance and Expolanka Holdings.