Crossings in JKH and CFVF; John Keells Holdings spearheaded the turnover backed by two off-board blocks accumulating to c. 481k shares at LKR238.0. The counter saw a block of c.133k shares being transacted at a similar price on-board before closing flat for the day. Renewed interest was seen in First Capital Holdings as it saw 3 mn shares being crossed off at LKR22.0.
Diversified players underscored top turnover: John Keells Holdings and Aitken Spence encountered notable on-board interest. The latter gathered buying interest as a few mid-sized blocks changed hands between price levels of LKR98.0-99.0. Several counters traded at 52-week high levels including Union Bank and Expolanka Holdings which extended gains denoting 2.8% at LKR22.0 and 4% at LKR10.0 respectively. S&P players; Ceylon Tobacco Company and Chevron Lubricants also saw some interest. Manufacturing sector counters; Textured Jersey Lanka (+1.7%), Tokyo Cement (+0.5%) and Kelani Tyres (+1.5%) were seen renewing their 52-week high price levels.
Retail interest on LITE & UBC: Strong retail interest continued in Union Bank while Laxapana Batteries, George Stewart Finance and The Finance Company [Non-Voting] also encountered some interest.
Softlogic Equity Research