Wednesday, 17 September 2003 |
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ASPI up, MPI down The market edged up at the end of trading yesterday where the All Share Price Index(ASPI) moved up 4.90 points to 1145.33 points while the Milanka Price Index (MPI) closed at 2183.74 points, down 5.11 points. Analysts believe that profit taking will continue in the market as investors look to apply for Hemas Holdings. Significant trades took place in the banks, finance and insurance sectors with a slab of 317,300 Commercial Bank shares changing hands, a transaction in which the buyer believed to be an institution and the seller is a high net worth individual.Bulk trade was done at Rs. 186 There was foreign selling of 2.3 million shares of John Keells Holdings Ltd. Buying was mainly done by a local institutional investor. Foreign purchases were made into 4.5 million Hayleys shares. JKH traded between Rs.116 and Rs.115. Of the Hotel & Travel Sector, 814,600 shares of Marawila Resorts traded between Rs.6.50-Rs.5.75 which were more retail driven. A total of 544,900 Asian Hotels traded between Rs. 21.00 - Rs.22.00 Certain unit trusts have being buying AHOT. The telecommunication sector has yielded a turnover of Rs:37 million . Bulk of the buying was done by institutions thinking that a strategic buyer will grab a fairly a good percentage in SLT at the market price. The healthcare sector has yielded a turnover of Rs. 7 million. The pick of the trades was 517,000 shares of Apollo Hospitals where the buyer is believed to be Janashkthi while the seller was a foreign entity. Retail interest was evident in Ceylon Glass and Caltex Lubricants in view of their high dividend-paying potential. |
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