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Day ends in green while the weekends in red in Colombo.

Colombo, June 25 -- Colombo All Share Price Index (ASPI) and Milanka price Index (MPI) fell 157 and 162 points respectively during the week possibly due to forced selling.

The market closed on a green note today driven by the interest in speculative stocks. MPI gained nearly 30 points during the day.

However, due to a transaction of John Keells (JKH) at Rs.278 the index started falling to close only 2 points higher. JKH closed at Rs.285.00.

The All Share Price Index (ASPI) closed at 6,892.56 points, rose 0.30% by 20.88 points and the Milanka Price Index (MPI) closed at 6,439.30 points, topped 0.04% by 2.40 points. Turnover rose 4.19% to Rs.1.89 billion with a volume of 129.8 million shares changing hands. (up 12.47%).

Foreign purchases rose 82.81% to Rs. 155.808 million and foreign sales also rose 27.97% to Rs.292.19 million. Price to forward Earnings Ratio (PER) remained at 23.3 times.

A subsidiary of Carson group (CARS) Indo-Malay (INDO) was the top gainer of the day, closing at Rs.1,300 appreciated by Rs.289.90 by 28.70 %. After three months since its listing by way an 'Introduction'; Senkadagala Finance (SFCL) witnessed its first ever trade during the market hours.

Accordingly, there were two Senkadagala Finance crossings of 1 million shares each at Rs.40, up from a reference price at Rs.20 per share. Another crossing of 2,454,260 shares of Citrus Leisure (REEF) was done at Rs.80 per share.

Bank, Finance and Insurance sector was the main contributor to the market turnover due to a crossing of Senkadagala Finance (SFCL) shares and Nation Lanka (CSF), while the sector index decreased by 0.29%. Nation Lanka closed at Rs.24.70. Land & Property sector also contributed significantly to the market turnover due to Colombo Land (CLND). The sector index decreased a further 0.36% during the day.

The share price increased by Rs.0.10 (0.23%) and closed at Rs.42.20. Citrus Leisure (REEF) was the main turnover contributor and the share price gained Rs.1.20 (1.66%) and closed at Rs.73.10.

Several dividend announcements were made; including Bairaha Farms (BFL) final dividend of Rs.2.00 per share, Central Finance (CFIN) final dividend of Rs.5.00 per share Chevron Lubricants (LLUB) first interim dividend of Rs.2.50 per share, Alliance Finance (ALLI) first and final dividend of Rs.27.50 per share.

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Publication:Asian Tribune (India)
Geographic Code:9SRIL
Date:Jun 25, 2011
Words:457
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