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
``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
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