would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
The Colombo bourse looked up from this week’s downturn yesterday with turnover topping a billion rupees and both indices gaining moderately with the ASPI up 23.26 points (0.34%) and S&P SL20 up 26.92 points (0.70%) with 127 gainers outpacing 63 losers two to one while 135 counters closed flat.
"The positive development was largely on accounts of heavy trading in Dialog contributing over half the day’s turnover with nearly 41.4 million shares crossed in nine parcels at Rs. 10.10 and Rs. 10.20 a share generating a turnover of Rs. 427.3 million," a broker said. "The counter also topped the floor trades closing 10 cents down at Rs. 10.30 on a further 13.4 million shares done between Rs. 10.10 and Rs. 10.50 contributing Rs. 130.4 million to turnover."
He said that Dialog came down to Rs. 10.10, a one-year low for the share, during intra-day trading, possibly due to the large quantities that were on offer.
The foreign trading figures suggested that there was foreign selling and local buying in Dialog. Foreigners were net sellers yesterday with an outflow of Rs. 577.44 million with sales of Rs. 691.53 million against purchases of Rs. 114.09 million.
Apart from Dialog there were block trades in Hemas, Seylan (voting), NDB and JKH that helped turnover to top the billion rupee mark, brokers said. Hemas saw nearly a million shares crossed at Rs. 80 in two parcels contributing Rs. 79.7 million to turnover, Seylan 0.5 million shares done crossed in a single block at Rs. 100 (Rs. 50.1 million), a block of 0.14 million NDB crossed at Rs. 257 (Rs. 37.3 million) and a block of 0.36 million JKH crossed at Rs. 178 (Rs. 64.5 million).
"The ASPI saw gains amid healthy turnover levels driven mainly by multiple crossings on DIAL," John Keells Stock Brokers said in a market wrap. "Selected telco, banking, leisure and manufacturing counters experienced advances with additional crossings seen on HHL, JKH, SEYB and NDB, with trading on DIAL accounting for 54% of market turnover."
Telecommunications was the most actively traded sector (+1.18%), the report noted.
Brokers said that most market participants were adopting a wait-and-see strategy due to the "confusion on the political side" and were awaiting signals on "who can take things forward" in the context of what is expected to be a closely fought election.
Among the most traded banking stocks, Sampath Bank closed Rs. 3.50 down at Rs. 252.90 on over 0.1 million shares traded between Rs. 248.10 and Rs. 255.20, ComBank (voting) Rs. 1.30 up at Rs. 162.10 on 0.16 million shares done between Rs. 160.80 and Rs. 162.50 and Seylan (non-voting) up 50 cents at Rs. 71.50 on 0.1 million shares traded between Rs. 70 and Rs. 71.50.
People’s Leasing closed 20 cents up at Rs. 23 with 0.3 million shares done between Rs. 22.80 and Rs. 23 while JKH closed Rs. 3.70 up at Rs. 179 on a small quantity of 35,195 shares traded between Rs. 175.50 and Rs. 179.40 on the floor.
Courtesy: The Island 9 July 2015
