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Bearish sentiment continued on the Colombo bourse yesterday with both indices falling fairly sharply post- budget on a turnover of Rs.1.1 billion, down from the previous days Rs.1.8 billion, with the All Share Price Index down 58.91 points (0.96%) and the Milanka down 58.21 points (1.09%) with 28 gainers trailing 145 losers.
JKH was the main business generator with nearly 3.3 million shares done between Rs.174.10 and Rs.180 with the counter closing flat at Rs.175 generating a turnover of Rs.572.2 million.
There were several crossings of JKH with a parcel of 165,333 shares crossed at Rs.174.50 shortly after trading opened. After 12 noon, there were three more crossings in quick succession totaling 1,650,000 shares at Rs.175.
Brokers said that sentiment remained negative with nothing in the budget helping the stock market.
Softlogic Capital saw two crossings of 2.5 million shares each at a price of Rs.35 with the counter closing Rs.1.60 down at Rs.35. A total of nearly 5.1 million was done yesterday, all at the Rs.35 price generating the day’s second highest turnover of Rs.178.3 million.
People’s Merchant Bank closed 20 cents down at Rs.15.30 on over 10.3 million shares done between Rs.15.30 and Rs.15.80 while Browns closed 30 cents up at Rs.240 with nearly 0.2 million shares done between Rs.240 and Rs.240.10.
Other counters that showed volume included Orient Garments down Rs.1.20 to Rs.35.50 on 0.8 million shares, Commercial Bank down Rs.3.40 to Rs.102 on nearly 0.3 million shares and Blue Diamonds non-voting down 10 cents to Rs.3.90 on 6.5 million shares.
The only two counters, Dimo and LOLC showed both volume and price gain with Dimo up Rs.12.50 to Rs.1,275 on 12,900 shares and LOLC up 20 cents to Rs.88 on over 0.1 million shares.
J.L. Morison announced an EGM on December 21 to seek shareholder approval for sub-division of both its voting and non-voting shares although there was no word on the proportion.
Pelwatte said in a Stock Exchange filing that the company would seek the advice of the Secretary to the Treasury (ST) on the current status of the company and its subsidiary Pelwatte Sugar Distilleries Ltd as there has been no official communication to date on this subject.
The company said that upon receipt of a response from the ST there will be a further communication to shareholders.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=39594
JKH was the main business generator with nearly 3.3 million shares done between Rs.174.10 and Rs.180 with the counter closing flat at Rs.175 generating a turnover of Rs.572.2 million.
There were several crossings of JKH with a parcel of 165,333 shares crossed at Rs.174.50 shortly after trading opened. After 12 noon, there were three more crossings in quick succession totaling 1,650,000 shares at Rs.175.
Brokers said that sentiment remained negative with nothing in the budget helping the stock market.
Softlogic Capital saw two crossings of 2.5 million shares each at a price of Rs.35 with the counter closing Rs.1.60 down at Rs.35. A total of nearly 5.1 million was done yesterday, all at the Rs.35 price generating the day’s second highest turnover of Rs.178.3 million.
People’s Merchant Bank closed 20 cents down at Rs.15.30 on over 10.3 million shares done between Rs.15.30 and Rs.15.80 while Browns closed 30 cents up at Rs.240 with nearly 0.2 million shares done between Rs.240 and Rs.240.10.
Other counters that showed volume included Orient Garments down Rs.1.20 to Rs.35.50 on 0.8 million shares, Commercial Bank down Rs.3.40 to Rs.102 on nearly 0.3 million shares and Blue Diamonds non-voting down 10 cents to Rs.3.90 on 6.5 million shares.
The only two counters, Dimo and LOLC showed both volume and price gain with Dimo up Rs.12.50 to Rs.1,275 on 12,900 shares and LOLC up 20 cents to Rs.88 on over 0.1 million shares.
J.L. Morison announced an EGM on December 21 to seek shareholder approval for sub-division of both its voting and non-voting shares although there was no word on the proportion.
Pelwatte said in a Stock Exchange filing that the company would seek the advice of the Secretary to the Treasury (ST) on the current status of the company and its subsidiary Pelwatte Sugar Distilleries Ltd as there has been no official communication to date on this subject.
The company said that upon receipt of a response from the ST there will be a further communication to shareholders.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=39594
