The Colombo bourse extended it’s gains today, with both the main market indices recording gains. The broader market index, All Share Price Index (ASPI) climbed 0.65% (36.11 points) over yesterdays’ close to end the day at 5,592.40 points whilst the Milanka Price Index (MPI) too rose by 0.45% (21.53 points) ending the day at 4,758.46 points.
Total Market turnover augmented considerably over yesterdays’ levels, primarily on the back of high value off the market trades in market heavy weights John Keells Holdings & Commercial Bank. Market turnover surged to LKR.2Bn, after a lapse of close to two months to record a value of LKR.2.29Bn. The Top two turnover generators for the day, John Keells Holdings PLC (JKH) & Commercial Bank of Ceylon PLC (COMB) accounted for 80% of the total turnover generated during the day.
John Keells Holdings PLC (JKH) was the highest contributor to the total turnover, contributing a turnover of LKR.1.47Bn which was equivalent to 63% of the total market turnover. The counter witnessed foreign buying today. A total of 10 off the floor trades took place today, consisting of 8.22Mn shares. Of the total shares that traded through crossings 294 k shares transacted at a price of LKR.160.00 whilst the remaining 7.9Mn shares traded at a uniform price of LKR.167.00. The share ended the day at LKR.163.40, gaining 2.13% (LKR.3.40) over yesterdays’ close. Moreover JKH reported impressive financial results for the 3rd quarter of FY2012, posting a net profit of LKR.2.73Bn, up by 56% YoY.
The Second highest turnover generator Commercial Bank of Ceylon PLC (COMB) too witnessed off the floor trades consisting of 3.6Mn shares at a uniform price of LKR.100.00. The counter contributed a turnover of LKR.371Mn to the days’ total turnover. COMB closed trading at LKR.100.00, rising by 0.40% (LKR.0.40) over the previous close.
Asian Asset Finance Limited (AAF), Swarnamahal Financial Services PLC (SFS) and Blue Diamond Jewellery Worldwide PLC (BLUE) traded actively today on the back of retail investor interest.
Foreigners ended the day as net buyers with foreign purchases worth of LKR.1,384.14Mn against foreign sales worth of LKR.356.58Mn resulting in a net inflow of LKR.1,027.56 Mn.