CSE witnesses three share crossings

Hiran H.Senewiratne

The Colombo Stock Exchange (CSE) was volatile yesterday and witnessed three share crossing in the People’s Merchant Bank (PMB), its sources said.

With the three crossings of PMB traded at Rs 30, in the first crossing 2.8 million shares, second crossing 2.5 million shares and third crossing 1.9 million shares were traded.

During the trading in the floor All Share Price Index was down by 1.28 points and Milanka Price Index dipped by 0.77 points. The number of shares traded in volumes was 12.9 shares and the equity turnover touched Rs 3.54 million.

Yesterday stocks of PMB (Rs 238.63), Nestle, (Rs 26.3 million) and Touchwood (Rs 7.2 million) heavily contributed to the equity turnover. The companies that contributed in volume wise were PMB, Ceylon Glass Company and Nawaloka. During the day, foreign selling were Rs 238.53 million and foreign buying were Rs 8.3 million.

The SEC directive to the CSE dated September 03, a single tier settlement cycle of trade day+3 (T+3) shall be adopted with effect from December 10. The changes will apply to transactions (on equity) carried out with effect from December 10.