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WRITTEN BY THARANGA SENARATNE
Aug 13, 2013 (LBT) - Market picks up with buying interest: The Colombo Bourse secured an uptrend peaking towards midday as it touched the 6,150 mark. However some selling pressure returned to the market during the last couple of hours trimming some of the early gains as the index closed with a gain of 13 points. Asian Hotels and Properties, Lanka IOC and Access Engineering were the main contributors for the gains in the index. JKH only crossing: John Keells Holdings recorded the sole crossing for the day with 126k shares changing hands at LKR260.0. Selling pressure continued to return to the counter as the counter lost 0.9% to close at LKR260.0
Strong interest in AEL, LIOC and TJL: Access Engineering and Textured Jersey registered healthy volumes with strong buying interest as the both counters recorded 52-week prices of LKR22.6 and LKR15.0 respectively. Strong earnings figures recorded in both counters were the primary reason for the investor interest. Lanka IOC, another counter that registered strong earnings gained 6.9% to close at LKR27.9. Retail interest on high turnover counters: Retail participation was somewhat active surrounding counters such as AEL, LIOC and TJL which generated reasonable volumes.
http://lbt.lk/stock-market
Aug 13, 2013 (LBT) - Market picks up with buying interest: The Colombo Bourse secured an uptrend peaking towards midday as it touched the 6,150 mark. However some selling pressure returned to the market during the last couple of hours trimming some of the early gains as the index closed with a gain of 13 points. Asian Hotels and Properties, Lanka IOC and Access Engineering were the main contributors for the gains in the index. JKH only crossing: John Keells Holdings recorded the sole crossing for the day with 126k shares changing hands at LKR260.0. Selling pressure continued to return to the counter as the counter lost 0.9% to close at LKR260.0
Strong interest in AEL, LIOC and TJL: Access Engineering and Textured Jersey registered healthy volumes with strong buying interest as the both counters recorded 52-week prices of LKR22.6 and LKR15.0 respectively. Strong earnings figures recorded in both counters were the primary reason for the investor interest. Lanka IOC, another counter that registered strong earnings gained 6.9% to close at LKR27.9. Retail interest on high turnover counters: Retail participation was somewhat active surrounding counters such as AEL, LIOC and TJL which generated reasonable volumes.
http://lbt.lk/stock-market
