CSE turnover gets boost

Turnover at the Colombo Stock Exchange got a boost from a three million share of JKH crossing at Rs. 139.25 pushing the turnover in the company’s shares to Rs. 84 million. JKH closed the day unchanged from Monday’s close at Rs. 137.00.

Total turnover for yesterday was Rs. 829 million in what was a slow-day of trading. Colombo Dockyards saw Rs. 89 million of business with Rs. 87.5 million coming from a single transaction of 500,000 shares which crossed at Rs. 175.00.

Overall the market had a bearish trend with the ASPI losing 40 points in mid-day, but regained some ground on late buying coming into blue chip companies. At the end of the day the broader ASPI closed down 24 points (-0.8 percent) at 2,844 while the more sensitive MPI closed down 17 points (-0.5 percent) to 3,198.

Of the large cap stocks, Sri Lanka Telecom closed down Rs. 1.25 to Rs. 41.50, Dialog Telekom lost 25 cents to Rs. 6.75 and Commercial Bank lost 50 cents to Rs. 168.50.

Source: First Guardian Equities