The Colombo stock market yesterday ended with mixed reactions after having had a stellar performance, with both indices netting 7 percent growth, while the benchmark ASPI crossed the 18,000-points mark the previous day. But yesterday indicated mixed reactions with profit- takings, market analyst pointed out.
Amid those developments both indices showed mixed reactions. The All Share Price Index went down by 29.99 points, while the S and P SL20 index rose by 7.6 points. The turnover stood at Rs 7.6 billion with 13 crossings.
Those crossings were reported in LOLC Finance , which crossed 550 million shares to the tune of Rs 3.3 billion and its shares traded at Rs 6, LB Finance 700,000 shares crossed to the tune of Rs 88.7 million; its shares traded at Rs 127, Sampath Bank 650,000 shares crossed for Rs 81.9 million; its shares traded at Rs 120, Commercial Bank 400,000 shares crossed for Rs 63.6 million, its shares traded at Rs 159, Vallible One 500,000 shares crossed for Rs 42.6 million; its shares traded at Rs 85.
Hemas Holdings 1 million shares crossed to the tune of Rs 31 million; its shares sold at Rs 31, Seylan Bank (Non- Voting) 500,000 shares crossed to the tune of Rs 39.5 million; its shares traded at Rs 59, Central Finance 97000 shares crossed for Rs 35.9 million; its shares traded at Rs 266.50, Chevron Lubricants 148,000 shares crossed for Rs 24.3 million; its shares traded at Rs 164, JKH 1 million shares crossed for Rs 23 million and its shares traded at Rs 23, Commercial Credit 250,000 shares crossed to the tune of Rs 22.5 million; its shares fetched Rs 90, Lanka Aluminium 500,000 shares crossed for Rs 22 million; its shares traded at Rs 44 and HNB 600,000 shares crossed for Rs 20.1 million; its shares traded at Rs 335.
In the retail market companies that mainly contributed to the turnover were; JKH Rs 290 million (12.7 million shares traded), Pan Asian Power Rs 209 million (12.7 million shares traded), Central Finance Rs 194 million (727,000 shares traded), Commercial Credit and Finance Rs 160 million (1.7 million shares traded), Sampath Bank 127 million (1 million shares traded) and Bairaha Farms Rs 109.7 million (532,000 shares traded). During the day 679 million share volumes changed hands in 31000 transactions.
It is said high net worth and institutional investor participation was noted in LB Finance, Access Engineering and Kelani Tyres. Mixed interest was observed in JKH, Central Finance Company and Commercial Credit & Finance, while retail interest was noted in Beruwala Resorts, UB Finance Company and LVL Energy Fund.
The Diversified Financials sector was the top contributor to the market turnover (due to LB Finance and Central Finance Company), while the sector index gained. The share price of LB Finance increased. The share price of Central Finance Company recorded a gain of Rs. 18.50 to reach Rs. 263.75.
The Capital Goods sector was the second highest contributor to the market turnover (due to Access Engineering and JKH), while the sector index increased by 1.49 percent. The share price of Access Engineering gained Rs. 1.50 to reach Rs. 44. The share price of JKH moved up by Rs. 0.50 to Rs. 22.60.
Yesterday, the rupee opened stronger at 299.95/300.05 to the US dollar in the spot market from 300.15/30 a day earlier, dealers said, while bond yields were broadly steady. A bond maturing on 15.02.2028 was quoted at 8.70/75 percent. A bond maturing on 15.12.2029 was quoted at 9.35/45 percent, up from at 9.35/42 percent. A bond maturing on 15.03.2031 was quoted flat at 9.90/10.05 percent. A bond maturing 01.11.2033 was quoted flat at 10.60/70 percent. Rs. 113,000 million Treasury bills are to be issued through an auction on July 2, the Central Bank said.
By Hiran H.Senewiratne
from The Island https://ift.tt/aqzNPng
No comments:
Post a Comment