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JKH helps buoy market Bourse closes flat on very low turnover
March 13, 2015,
The Colombo bourse yesterday closed virtually flat after losing ground during the eight previous trading sessions on a very low turnover of Rs. 491.5 million, down from Wednesday’s Rs. 946.16 million, with both indices marginally down – the ASPI by 1.12 points (0.02%) and S&P SL20 by 1.91 points (0.05%) with 79 losers ahead of 70 gainers while 175 counters closed flat.
"The market was up a few points on both indices most of the day although it edged down marginally at the close of trading," a broker said. "About Rs. 144 million of the day’s turnover came off some Bank of Ceylon 2019 debentures sold at Rs. 96.33. The movement of the indices was mostly on the trading price of JKH."
He said that a JKH seller offering quantity at Rs. 205 had moved out (possibly by disposing of what he wanted to sell) and that helped the counter to move up in price.
JKH which topped the floor trades closed Rs. 2.40 up at Rs. 207 with nearly 0.3 million shares traded between Rs. 204.90 and Rs. 210 contributing Rs. 61.7 million to turnover.
"Several broking houses have buy recommendations on JKH," he said.
"The ASPI declined marginally amid turnover levels that reached a six week low," John Keells Stock Brokers said in a market report. "Selected large cap diversified, banking, and power & energy counters were actively traded in the market."
There was a small net foreign inflow of Rs. 4.89 million with purchases of Rs. 119.79 million slightly ahead of sales of Rs. 114.90 million.
Apart from JKH, other stocks that contributed to turnover were HNB (voting) closing a rupee down at Rs. 237 on nearly 0.2 million shares, Laugfs closing 90 cts. up on a million shares, Seylan (voting) closing 90 cts. down at Rs. 95 on 0.35 million shares, Free Lanka closing 10 cts. up at Rs. 1.90 on nearly 15.2 million shares and Browns closing flat at Rs. 100 on over 0.2 million shares.
Overseas Realty up a rupee to Rs. 26 on over 0.7 million shares, Cold Stores down Rs. 4.50 to Rs. 275 on 67,248 shares, Ceylon Investments up Rs. 4.30 to Rs. 97.10 on 0.15 million shares and NDB up 10 cts. to Rs. 260.10 on 52,045 shares were also on the most traded list.
Asian Hotel Properties announced an interim dividend of one rupee per share for 2014/15 XD from Mar. 20 and with payment on Mar. 31 and Overseas Realty a second and final dividend of 50 cts. per share after shareholder approval at a May 6 AGM with the share trading XD from May 7 and payment on May 15.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=121179
March 13, 2015,
The Colombo bourse yesterday closed virtually flat after losing ground during the eight previous trading sessions on a very low turnover of Rs. 491.5 million, down from Wednesday’s Rs. 946.16 million, with both indices marginally down – the ASPI by 1.12 points (0.02%) and S&P SL20 by 1.91 points (0.05%) with 79 losers ahead of 70 gainers while 175 counters closed flat.
"The market was up a few points on both indices most of the day although it edged down marginally at the close of trading," a broker said. "About Rs. 144 million of the day’s turnover came off some Bank of Ceylon 2019 debentures sold at Rs. 96.33. The movement of the indices was mostly on the trading price of JKH."
He said that a JKH seller offering quantity at Rs. 205 had moved out (possibly by disposing of what he wanted to sell) and that helped the counter to move up in price.
JKH which topped the floor trades closed Rs. 2.40 up at Rs. 207 with nearly 0.3 million shares traded between Rs. 204.90 and Rs. 210 contributing Rs. 61.7 million to turnover.
"Several broking houses have buy recommendations on JKH," he said.
"The ASPI declined marginally amid turnover levels that reached a six week low," John Keells Stock Brokers said in a market report. "Selected large cap diversified, banking, and power & energy counters were actively traded in the market."
There was a small net foreign inflow of Rs. 4.89 million with purchases of Rs. 119.79 million slightly ahead of sales of Rs. 114.90 million.
Apart from JKH, other stocks that contributed to turnover were HNB (voting) closing a rupee down at Rs. 237 on nearly 0.2 million shares, Laugfs closing 90 cts. up on a million shares, Seylan (voting) closing 90 cts. down at Rs. 95 on 0.35 million shares, Free Lanka closing 10 cts. up at Rs. 1.90 on nearly 15.2 million shares and Browns closing flat at Rs. 100 on over 0.2 million shares.
Overseas Realty up a rupee to Rs. 26 on over 0.7 million shares, Cold Stores down Rs. 4.50 to Rs. 275 on 67,248 shares, Ceylon Investments up Rs. 4.30 to Rs. 97.10 on 0.15 million shares and NDB up 10 cts. to Rs. 260.10 on 52,045 shares were also on the most traded list.
Asian Hotel Properties announced an interim dividend of one rupee per share for 2014/15 XD from Mar. 20 and with payment on Mar. 31 and Overseas Realty a second and final dividend of 50 cts. per share after shareholder approval at a May 6 AGM with the share trading XD from May 7 and payment on May 15.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=121179
