Tuesday, December 15, 2009

Strong recovery at Colombo Stock Market – John Keells Holding leads the way.


Trading in John Keells Holdings Plc accounted for more than 50% of the day’s total equity turnover by trading 5,075,100 shares valued at Rs 782.9 Million. JKH closed the day at Rs 159.25, up Rs 5.25. ASI was up by 37.18 points (+1.22%) to close at 3076.96 while MPI also gained 54.63 points to close the day at 3501.11. Total equity turnover stood at 1.4 million.
The second largest contributor in terms of volume & value was Aitken Spence Hotel Holdings Plc by trading 1,033,500 shares valued at Rs 258.1 million. Aitken Spence Hotel Holdings closed Rs 4.25 higher at Rs 244.00.
Diesel & Motor Engineering closed at Rs 169.00, up 24.00 rupees. Diversified Blue Chip Hayleys Plc & its subsidiary Haycarb Plc both gained 2.25 each to close at Rs 164.25 & Rs 145.25 respectively. Highly illiquid rarely traded Autodrome Plc gained Rs 96.75 to close at Rs 296.75 on 1100 shares.
Paragon Ceylon Plc lost Rs 61.50 to close at Rs 150.00 but only 100 shares traded. Hotel Developers Plc lost 4.00 to close at Rs 118.00.
Foreign investors purchased Rs 765.1 million worth of stocks & sold stocks valued at Rs 749.2 million.
Today I visited newly launched cds.lk website which is owned by Central Depository Systems (PVT) Ltd (CDS). CDS is fully owned subsidiary of Colombo Stock Exchange. This newly launched website is very useful for both investors & brokers as it allows downloading all the required documents including CDS account opening forms, transfer forms & withdrawal forms etc...  I hope foreign investors & nonresident Sri Lankan investors will benefit from this new site.

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