Bourse holds its ground, foreign buying in JKH persists



Although the All Share Price Index on the Colombo bourse was marginally down by 1.93 points (0.03%), both the Milanka and S&P were up – the first by 16.68 points (0.33%) and the other by a marginal 1.97 points (0.06%) on a turnover of Rs.431.5 million, down from the previous day’s Rs.562.4 million, with 109 losers ahead of 76 gainers while 126 counters closed flat.


JKH, in which foreign buying interest continues, saw two crossings totaling 650,000 shares in two parcels, one of 500,000 and the other of 150,000 shares, done at Rs.217 in transactions worth Rs.141.1 million.


Apart from the crossings, JKH generated a further Rs.63.5 million on the trading floor with nearly 0.3 million shares done between Rs.216.50 and Rs.217 closing a rupee up at Rs.216.80 generating the highest turnover on the floor.


Other stocks generating business volume included Dockyard (Rs.19.7 million), Asiri Hospital Holdings (Rs.19 million) and Softlogic Holdings (Rs.12.7 million).


Dockyard closed Rs.5.50 down at Rs. 219 on 90,045 shares done between Rs.219 and Rs.222 while Asiri closed flat at Rs.11.40 on nearly 1.7 million shares done between Rs.11.30 and Rs.11.40 and Softlogic closed 30 cents up at Rs.10.80 on nearly 1.2 million shares done between Rs.10.50 and Rs.11.10.


Other most traded counters included Commercial Bank (voting) closing flat at Rs.105 on slightly over 0.1 million shares, Seylan Bank (non-voting) closing flat at Rs.35 on 0.3 million shares and Colombo Fort Land and Buildings closing 20 cents down at Rs.35 on over 0.2 million shares.


Piramal Glass closed 10 cents up at Rs.6.30 on nearly 1.2 million shares while Aitken Spence closed a rupee down at Rs.125 on 50,559 shares.


Brokers said that retail activity was slow but a couple of big deals, including one on Browns Investments and ERI already announced, are expected next week.


Asian Hotel Properties, owners of the Cinnamon Grand, announced an interim dividend of Re.1 per share for 2012/13 XD from November 28 and with payment on December 7.


The Colombo Stock Exchange announced amendments to its listing rules under which all listed companies must release interim financials within time lines specified under rules 7.4(a)(i) of the CSE listing rules with effect from November 15. Rule 7.4(a)(ii) has been deleted in its entirety, the CSE announcement said.


 
 
 
 
 
 
 
 

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