JKH accounts for Rs 483 m turnover

The indices at the CSE came down as retail investors booked profits while large transactions in blue chip companies drove turnover.

Turnover for yesterday was Rs 1.1 billion with John Keells Holdings accounting for Rs 483 million in turnover while the share closed unchanged at Rs 155.00. Brown and Co; saw Rs 70 million in turnover with the share closing up Rs 6.25 to close at Rs 61.00, Dialog Telekom saw 11 million shares trade to the value of Rs 66 million with the share closing unchanged at Rs 6.00. Distilleries Company gained Rs 1.00 to close at Rs 89.50, while LMF gained Rs 2.00 to close at Rs 56.25.

Gulf East Finance Ltd disclosed that it had acquired a total of 30.4 percent of Singalanka Standard Chemicals and as per regulatory requirements will make the mandatory offer to the other shareholders at Rs 75.00 a share.

Asian markets were mixed with Singapore up 1.4 percent, Hong Kong's Hang Seng Index up 1 percent.

Source: First Guardian Equities