Bourse sustains upward trend for second day

The Colombo Stock Exchange sustained Thursday’s gains with both indices continuing to rise – the All Share by 40.72 points (0.86%) and the Milanka by 23.41 points (0.55%) on a turnover of Rs.309.3 million, down from the previous day’s Rs.499.5 million, with 153 gainers comfortably outpacing 46 losers.

"Most of the day the indices were up by five or ten points but picked up towards the closing of trading," a broker said. "Sentiment has improved slightly and hopefully this will continue next week."

JKH and NDB were the main business generators with JKH closing 60 cents down at Rs.178.50 with over 0.3 million shares traded between Rs.178 and Rs.179.40 contributing the day’s top turnover of Rs.61 million. NDB followed gaining Rs.3 to close at Rs.103 on nearly 0.6 million shares traded between Rs.100 and Rs.103 contributing Rs.57.8 million to the day’s turnover.

Nearly 0.2 million Lion also traded yesterday closing Rs.7 up at Rs.217 with two large parcels accounting for most of the trades, brokers said.

Carsons gained Rs.5.90 to close at Rs.476 on 40,000 shares done at Rs.467.

Other counters that showed some volume included Laugfs Gas (non-voting) up 20 cents to close at Rs.11.20 on over 0.9 million shares and Lanka Walltiles up Rs.2.80 to close at Rs.56 on 0.1 million shares.

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