"The ASPI rose sharply during the latter half of trading to close at a 34 day high. Turnover was dominated by crossings on JKH and HNB," John Keells Stock Brokers said in a market report.
A foreign inflow of Rs. 165.72 mn. was posted with purchases of Rs. 225.83 mn. against sales of Rs. 60. 11 mn.
Block trades in HNB where 0.6 million shares were crossed at Rs.150 in a deal worth Rs.90 million and JKH where slightly over 0.3 million was crossed at Rs.217 on a transaction worth Rs.68.8 million accounted for slightly less than Rs.160 million of the day’s turnover.
Touchwood continued to be heavily traded despite negative reports on the company, closing 40 cents down at Rs.4.60 on 9.6 million shares done between Rs.4.60 and Rs.5.10 contributing Rs.47.1 million to turnover.
"There’s a lot of speculative trading on the share,’’ a broker said. "Day traders are active in the stock cashing in on 10 cent price movements.’’
Brokers said that the trend of heavy speculative trading in low priced shares continued with Swarnamahal closing 40 cents up at Rs.2.90 on nearly 7.7 million shares, Asia Asset Finance closing 10 cents up at Rs.2.30 on over 9.3 million shares, Browns Investments closing 30 cents up at Rs.2.80 on over 6.6 million shares, Blue Diamonds closed 10 cents down at Rs.3.40 on nearly 3.7 million shares and HVA Foods closing 30 cents down at Rs.11.60 on nearly 0.8 million shares.
The Finance Company was also active gaining a rupee to close at Rs.4.30 on over 1.4 million shares.
Sampath Bank closed 10 cents down at Rs.171.10 on nearly 0.2 million shares done between Rs.171.10 and Rs.173.90 contributing the day’s second highest turnover of Rs.29.5 million on the floor. An unusually large quantity of Hemas Holdings was also transacted closing 80 cents up at Rs.32.80 on nearly 0.9 million shares done between Rs.31.90 and Rs.33.50.
Commercial Bank (voting) closed 80 cents up at Rs.119 on over 0.2 million shares, NDB was Rs.4 up to Rs.152.50 on over 0.1 million shares and JKH closed flat at Rs.215.10 on 42,257 shares.