Sep 30, 2013 (LBT) - Indices broadly flat: The bourse depicted a volatile trend and ended broadly flat today where the benchmark index denoted a marginal dip of 2 points with gains in Carson Cumberbatch (+3.7%) and Aitken Spence (+2.2%) offsetting the dips in Distilleries (-2.1%) and Sri Lanka Telecom (-1.5%). The S&P SL20 index took a similar trend to close marginally up by 4 points.
Two crossings in NTB: Turnover levels were strong, supported by a 29% contribution from BFI counter; Nations Trust Bank. The counter recorded two crossings totaling 1.5 mn shares at LKR60.5 while on-board activity was centered around 4 large blocks totaling c.2.1 mn shares at LKR60.5 and closed with a gain of 0.7%. Touchwood on top turnover slot: The much debated Touchwood Investments’ trading ban was lifted today and the counter attracted notable retail interest where the counter rallied to a high LKR5.9 and closed at LKR5.1 with a gain of 6.3%. It traded among the top turnover slot and added 26% to the day’s turnover. Interest continued in John Keells Holdings however the counter closed with a dip of 0.4% amidst some selling pressure. Commercial Bank and Textured Jersey Lanka gathered some interest gaining 2.3% and 0.7% at their respective intra-day high levels. Colombo Fort Land and Building encountered renewed interest.
Retailers active on Touchwood: Notable retail interest surrounded Touchwood Investments as it denoted 3,717 trades for the day. Interest also continued in Central Investments and Finance and Asia Asset Finance.