*CSE revises transaction fees
The Colombo bourse was yesterday very much in a holiday mode with a turnover of Rs.202.8 million, up from the previous day’s Rs.131.9 million, with both indices down – the All Share by 20.78 points (0.38%) and the Milanka by 19.43 points (0.40%) with 84 gainers and 85 losers almost on even keel.
"This being a holiday week there was hardly anything to talk about with Swarnamahal Financial Services, Ceylon Hotels Corporation and Coco generating the most business volumes," a broker said.
Swarnamahal led the turnover league with nearly 1.7 million shares traded between Rs.8.50 and Rs.8.90 closing 30 cents up at Rs.8.80 and contributing Rs.14.7 million to turnover while Hotels Corporation closed Rs.1.60 up at Rs.23.60 on nearly 0.6 million shares done between Rs.22.50 and Rs.24.40.
Coco which gained Rs.1.70 to close at Rs.50 on 0.2 million shares and Kelani Tyres up Rs.1.30 to close at Rs.28 on nearly 0.4 million shares were the other turnover generators.
"There was interest in Hotels Corporation, Coco and Tyre that we have not seen recently," a broker commented. "Hayleys also saw some activity with slightly over 25,000 shares traded closing flat at Rs.360.’’
Among the banking stocks HDFC was up 20 cents to close at Rs.55 and HNB (non-voting) down 50 cents to close at Rs.92.50 saw some activity with over 0.1 million HDFC and 73,022 HNB X traded.
The Colombo Stock Exchange announced amendments to the minimum brokerage and CDS fees and revision of custodian fees saying that with the implementation of the ATS 7 trading system the board lot size has been changed to one share. In these circumstances the directors of the CSE and SEC have approved the removal of the minimum brokerage fees of Rs.10 and the minimum CDS fees of Rs.5 levied on transactions.
"Accordingly, the 0.64% brokerage fee and the CDS fee of 0.02% will be applicable for all transactions up to Rs.50 million with effect from April 10, 2012," the announcement said.
The fee of Rs.25 charged from custodian banks in respect of custodian trades has been done away with effect from March 19, 2012.
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