The Colombo bourse closed flat yesterday on one of the year’s lowest turnovers with the All Share Price Index declining a marginal 2.69 points (0.11%) while the Milanka gained a marginal 0.05 points (0.00%).
"Turnover at Rs.80 million was one of the lowest for this year," Prashan Fernando of DFCC Stockbrokers said. "The going was very slow with turnover picking up a little bit during the latter part of the day."
Distilleries trading between Rs.90 and Rs.92 saw nearly 0.3 million shares done closing Rs.1.25 down at Rs.90 and generating the day’s highest turnover of Rs.23.5 million.
Brokers said that this was the lowest price this stock had commanded for quite some time.
Hayleys lost Rs.2.50 on 78,500 shares done closing at Rs.135 on a trading range of Rs.135 to Rs.137. The counter generated a turnover of Rs.10.6 million.
Vallibel saw nearly 1.2 million one-rupee shares traded at Rs.4.20 generating Rs.4.9 million turnover.
Vanik announced that it had satisfied a court decree of Rs.50.6 million issued by the High Court of Colombo to a creditor by transferring 4.2 million shares of an unquoted company, Capital Reach Holdings, to Asia Capital.
Capital Reach, promoted by Central Bank Governor Ajit Nivard Cabraal, purchased two performing Vanik subsidiaries engaged in the leasing business a few years ago.