Turnover hits 12-week high

Daily Mirror (Sri Lanka) - - MARKET -

ASPI edged up due to price gains in coun­ters such as Singer Sri Lanka, Cey­lon Cold Stores and Cey­lon To­bacco Com­pany whilst S&P SL20 closed in red. The turnover crossed Rs 2.0 Bn for the day mark­ing a 12 week high. The pur­chase of 80.3% in stake in Colombo Trust Fi­nance by Di­a­log Ax­i­ata from Cargills Bank was the largest trans­ac­tion for the day, which ac­counted for 52.7% of the turnover. Mixed in­ter­est was ob­served in Tee­jay Lanka whilst re­tail in­ter­est was noted in Singer Sri Lanka and Maske­liya Plan­ta­tions. Mean­while, for­eign­ers re­mained ac­tive clos­ing as net sell­ers mainly due to for­eign sell­ing in Com­mer­cial Bank.

Banks, Fi­nance and In­sur­ance sec­tor was the top con­trib­u­tor to the mar­ket turnover (due to Colombo Trust Fi­nance, Com­mer­cial Bank and Hat­ton Na­tional Bank) whilst the sec­tor in­dex lost 0.31%. The share price of Colombo Trust Fi­nance in­creased by Rs 2.20 (13.33%) to close at Rs 18.70. The share price of Com­mer­cial Bank recorded a loss of Rs 0.40 (0.29%) clos­ing at Rs 136.00 whilst for­eign hold­ings de­creased by 576,732 shares. The share price of Hat­ton Na­tional Bank de­clined by Rs 0.80 (0.34%) to close at Rs 232.00.

Di­ver­si­fied sec­tor was the se­cond high­est con­trib­u­tor to the mar­ket turnover (due to John Keells Hold­ings and Mel­sta­corp) whilst the sec­tor in­dex de­creased by 0.39%. The share price of John Keells Hold­ings edged up Rs 0.10 (0.06%) to close at Rs 160.60. The share price of Mel­sta­corp moved down by Rs 1.00 (1.69%) to close at Rs 58.00.

Fur­ther­more, Cargills and C T Hold­ings an­nounced their in­terim div­i­dends of Rs 1.90 and Rs 1.80 per share re­spec­tively whilst Hikkaduwa Beach Re­sorts an­nounced its first & fi­nal div­i­dend of Rs 0.09 per share.

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