Turnover tops Rs. 120 million

CSE: The Colombo Stock Market was somewhat volatile like the previous days and was able to secure a total turnover of Rs 123.92 million yesterday, sources said.

Yesterday 4.57 million shares were traded and the All Share Price Index went up by 1.6 points while the Milanka Price Index took a dip by 1.7 points.

During the day the top traded volumes share wise were, Ceylon Glass 1.65 million, Seylan Merchant Bank (Non Voting) 0.37 million and Ceylinco Insurance 0.25 million. While, top contributors to the turnover were Ceylinco Insurance Rs 44.9 million, ACL Cables Rs 6.78 million and Commercial Bank Rs 6.13 million.

Meanwhile, Hatton National Bank (HNB) will issue debentures probably this week. Normally, banks issue debentures when there is a mismatch between interest earning assets and interest earning liabilities. Under the Central Bank ruling on Basel-2 requirement, HNB will list 26,896,445 unsecured subordinated redeemable debentures.

The debentures of the HNB will be listed on June 13. on the Debt Securities- Second Board of the CSE, sources said. (HHS)