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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bourse sustains upward trend for second day

Bourse sustains upward trend for second day

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CSE.SAS

CSE.SAS
Global Moderator

The Colombo Stock Exchange sustained Thursday’s gains with both indices continuing to rise – the All Share by 40.72 points (0.86%) and the Milanka by 23.41 points (0.55%) on a turnover of Rs.309.3 million, down from the previous day’s Rs.499.5 million, with 153 gainers comfortably outpacing 46 losers.

"Most of the day the indices were up by five or ten points but picked up towards the closing of trading," a broker said. "Sentiment has improved slightly and hopefully this will continue next week."

JKH and NDB were the main business generators with JKH closing 60 cents down at Rs.178.50 with over 0.3 million shares traded between Rs.178 and Rs.179.40 contributing the day’s top turnover of Rs.61 million. NDB followed gaining Rs.3 to close at Rs.103 on nearly 0.6 million shares traded between Rs.100 and Rs.103 contributing Rs.57.8 million to the day’s turnover.

Nearly 0.2 million Lion also traded yesterday closing Rs.7 up at Rs.217 with two large parcels accounting for most of the trades, brokers said.

Carsons gained Rs.5.90 to close at Rs.476 on 40,000 shares done at Rs.467.

Other counters that showed some volume included Laugfs Gas (non-voting) up 20 cents to close at Rs.11.20 on over 0.9 million shares and Lanka Walltiles up Rs.2.80 to close at Rs.56 on 0.1 million shares.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=53875

2Bourse sustains upward trend for second day Empty Week closes on a positive note Fri Jun 08, 2012 11:56 pm

sriranga

sriranga
Co-Admin

The All Share Price Index gained 40.7 points to close at 4,798.7 (+0.9%), whilst the more liquid Milanka Price Index also gained 23.4 points to close at 4,246.8 (+0.6%).

The total turnover was LKR309.3 mn (USD2,373.8k) vs. 12-month average daily turnover of LKR1,499.3 mn (USD11,506.5k) whilst the volume traded for the day was 12,422.2k against the 12-month average daily volume of 72,480.1k.

Top traded counters were John Keells Holdings LKR61.0 mn (USD468.0k, -0.3%), National Development Bank LKR57.8 mn (USD443.3k, +3.0%), The Lion Brewery LKR40.7 mn (USD312.1k, +3.3%), Carsons Cumberbatch LKR18.7 mn (USD143.5k, +1.3%) and Laugfs Gas (Non-Voting) LKR10.7 mn (USD82.3k, +1.8%).

The market sustained the positive momentum gathered during the mid-week to close in the green for the second consecutive day. However a dull turnover of LKR309 mn was recorded well below the 12 month average daily turnover of LKR1,500 mn on the back of thin volumes traded. John Keells Holdings and National Development Bank each contributed near 20% to the market turnover on the back of continued local and foreign institutional and high net worth investor participation witnessed during the day. Lion Brewery and Carsons Cumberbatch enticed renewed institutional interest whilst Laugfs Gas (Non-Voting) also witnessed renewed all round investor interest. Meanwhile The Lion Brewery which saw foreign activity contributed circa 13% to the aggregate turnover whilst gaining 3.3% during the day.

A net foreign buying position was resulted during the day where foreign purchases amounted to LKR84.6 mn (USD649.1k), whilst foreign sales amounted to LKR75.4 mn (USD578.8k). Moreover it is commendable to note that foreign investors have been maintaining a net buying position year to date.
http://www.nation.lk/edition/biz-news/item/6900-week-closes-on-a-positive-note.html

http://sharemarket-srilanka.blogspot.co.uk/

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