Bourse holds price line with activity all round
The Colombo bourse held its price line yesterday with marginal losses in both indices – 0.66 points (0.03%) on the All Share and 3.01 points (0.l0%) on the Milanka on a turnover of Rs.632.4 million, down from the previous day’s Rs.1.6 billion.

Brokers however said that activity was "pretty high’’ with participation by both local institutions and foreign investors.

Wednesday’s Rs.1.6 billion turnover was possible largely on account of the sale of 10% of the NDB by Gold Quest to HSBC Nominees/Credit Suisse as exclusively reported on this page yesterday. Other reports speculated that the buyer was a Malaysian investor.

``The indices ended flat as investors continued to take advantage of trading opportunities on an active day’s trading with healthy local, institutional and foreign participation,’’ John Keells Stock Brokers said.

Foreign sales of 215.2 million outpaced purchases of Rs. 101.8 million while decliners were marginally ahead of advancers 59/57.

Some institutional interest in Associated Cables has been demonstrated in recent days with over 0.8 million shares done yesterday with the counter gaining Rs.1.50 on the VWA to close at Rs.130 after trading at between Rs.128 and Rs.132.

Among the other big trades yesterday were over 4.8 million Ceylinco Seylan, nearly 3.5 million Dialog, over 0.3 million JKH, nearly 0.6 million Seylan Merchant, nearly 0.7 million SLT, over 0.6 million The Finance, 3.7 million Tokyo Cement (non-voting one-rupee shares), 1.1 million Asha Central, 0.5 million Fort Land’s three-rupee shares and nearly 0.8 million Richard Pieris.

Ceylinco Seylan gained Rs.1.25 on the VWA to close at Rs.12.50 after trading at between Rs.11 and Rs.12.75 while Dialog closed flat on the VWA at Rs.19.25 after trading at betweenRs.19 and Rs.19.50.

JKH trading XD gained 50 cents on the VWA to close at Rs.158.50 after trading at between Rs.158.25 and Rs.159.

The Finance lost 25 cents on the VWA to close at Rs.65 after trading between Rs.64.25 and Rs.69.50 while Tokyo Cement gained one rupee on the VWA to close at Rs.15.75 after trading at between Rs.15 and Rs.16.

Asha Central gained a sizable Rs.4.75 to close at Rs.43 after trading at between Rs.38 and Rs.43.75 and Richard Pieris gained Rs.2 to close at Rs.78 on the VWA after trading at between Rs.76 and Rs.78.


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