Market slips marginally

Redbulls · 1 Market slips marginally Wed Dec 05, 2012 6:54 pm

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By The Nation
Colombo stocks ended almost flat today where benchmark indices closed in opposite direction.

All Share Index closed at 5,323.21, drop 8.24 points (-0.15%) and MPI gained marginally by 1.23 points (+0.03%) to close at 2,923.14. S&P SL 20 Index dropped by 9.03 index points and end at 2,923.14.

Turnover level improved to LKR 871.0mn mainly due to the off-the-floor deals recorded by Aviva NDB Insurance, John Keells Holdings and Asiri Surgical Hospitals. 1.5mn shares of Aviva NDB Insurance changed hands at LKR 349.00 per share. Most likely parties to the transaction are NDB Capital (CDIC) and AIA.

John Keells Holdings topped the turnover list with LKR 61.7mn followed by National Development Bank (LKR 21.2mn) and Aitken Spence Hotel Holdings (LKR 14.8mn).

Panasian Power, Renuka Shaw Wallace – Rights and Vallibel One were the heavily traded stocks during the day.

Foreign participation accounted for 43% of the total turnover and foreign investors were net buyers with a net inflow of LKR 702mn.
http://www.nation.lk/edition/biz-news/item/13199-market-slips-marginally.html

sriranga · 2 Sale of 5% of Aviva NDB drives turnover on the CSE Thu Dec 06, 2012 12:59 am

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Market closes virtually flat

The sale of Aviva NDB Insurance PLC to global insurance giant AIA was possibly completed yesterday with 1.5 million shares comprising the 5% held by NDB subsidiary CDIC (now NDB Capital Holdings) sold at Rs.349 a share in a deal worth Rs.523.5 million driving turnover on the Colombo bourse to Rs.871 million, up from the previous day’s Rs.505.5 million.

It was not immediately clear whether the sale of the unlisted holding company owning a major stake had been completed yet but most analysts said it was either done or imminent.

The bourse closed virtually flat with the indices pointing in opposite directions – the All Share down 8.24 points (0.15), the Milanka up 1.23 points (0.03%) and S&P down 9.03 points (0.31%) with 89 gainers slightly ahead of 82 losers while 140 counters closed flat.

Apart from the crossing which wrapped up the sale of the insurance company, block trades in JKH and Asiri Surgical Hospital contributed a further Rs.131 million to turnover.

JKH saw 0.5 million shares crossed at Rs.209 in two parcels of 250,000 each contributing Rs.104.5 million to turnover while Asiri saw a block trade of three million shares at Rs.9 contributing a business volume of Rs.27 million.

On the trading floor JKH generated the most turnover closing 10 cents down at Rs.209 on nearly 0.3 million shares done between Rs.208.50 and Rs.210 accounting for a business volume of Rs.61.7 million with foreign interest in the stock continuing.

NDB followed closing one rupee up at Rs.131 on nearly 0.2 million shares done between Rs.130 and Rs.132 contributing Rs.21.2 million to turnover while Aitken Spence Hotels with 0.2 million shares traded between Rs.69 and Rs.71 closed a rupee up at Rs.71 and contributed Rs.14.8 million to the day’s business volume.

Other stocks contributing to turnover included ACL Cables (Rs.12.3 million) closing 20 cents down at Rs.65 on nearly 0.2 million shares, Asiri (Rs.10 million) on 1.1 million shares closing 50 cents up at Rs.9 and Vallibel One (Rs.8.9 million) closing 70 cents up at Rs.17.70 on nearly 0.5 million shares.

CIC Holdings announced an interim dividend of 63 cents per share for 2012/13 on both voting and non-voting shares, XD from Dec. 13 and with payment on Dec. 24.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=67640