JKH and COMB deals push CSE turnover to Rs 2 billion plus
Market has experienced a consolidation after sharp drop witnessed during the first two days of the week. The benchmark All Share Price Index (ASI) was up by 36.11 points to close at 5592.40 while MPI closed 21.53 points higher at 4758.46. Total turnover amounted to 2.29 billion rupees mainly due to larger transactions in John Keells Holdings Plc and Commercial Bank of Ceylon Plc.
John Keells Holdings Plc (JKH), one of the most diversified Blue Chip Company in Sri Lanka reported 56 percent increase in profit to 2.73 billion rupees for the quarter ended 31st December 2011. JKH gained 3.40 to close at Rs 163.40. 8,811,300 shares of JKH changed hands contributing Rs 1.46 billion for the day’s total market turnover. 3,710,200 shares of COMB traded and closed 40 cents higher at Rs 100.00.
There were 91 positive contributors and 87 negative contributers for the day. Sri Lanka Telecom Plc closed at Rs 46.00, up 2.40. The Housing Bank HDFC was up by 118.30 to close at Rs 1213.30 but only 300 shares traded. Union Bank of Colombo Plc was up by 1.10 to end the day at Rs 19.10. Asia Asset Finance (AAF) continues to trade in high volume and closed 60 cents higher at Rs 7.10. More than 11 million shares of AAF changed hands during the day.
Aitken Spence Plc (SPEN) has announced the sale of 30 percent stake in Colombo International Container Terminals Ltd to China Merchants Holdings (International) Company Ltd. They further said the capital gain from this sale of shares will be around Rs 630 million. SPEN closed 50 cents lower at Rs 109.50.
Foreign investors were net buyers with net inflow of Rs 1,027,555,743.00.
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Tagged with: Colombo Stock Exchange • cse • daily
Filed under: Daily Stock Market Report
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