Sep 23, 2013 (LBT) - Bourse dips 31 points: The ASPI saw a short spike during the first 15 minutes of trading, however registered a downhill pattern thereon resulting in a dip of 31 points. Illiquid counters continued to decide the market direction for a yet another day as dips in Carsons Cumberbatch and Ceylon Tobacco weighted negatively on the index. S&P SL20 index recorded a slightly smaller dip of 11 points.
Two crossings for the day: A crossing each was recorded in Chevron Lubricants and Commercial Bank. The former witnessed 300k shares changing hands at LKR273.0 while on-board trading on the counter was negligible. The latter recorded a block of 205k shares which was dealt at LKR114.3 followed by active on-board trading with a 117k share block changing hands at a similar price.
Investor interest in JKH and HNB: Hatton National Bank [Voting] and [Non-Voting] counters attracted strong investor interest. The Voting counter registered a 500k block at LKR150.0 while the Non-Voting saw 2 blocks 100k and 99k shares dealt at LKR113.8 and LKR114.3 respectively. Strong buying interest was noted in John Keells Holdings as the counter touched LKR220.0 for the day and closed at the peak price with a gain of 1.0%.
Low retail interest: Retail activity in the market was low with most retail investors opting to stay in the sidelines. Some low level of activity was noted in Touchwood Investments and Blue Diamonds.