Net inflows to CSE top Rs. 23 b mark

Friday, 1 November 2013 03:34 - - {{hitsCtrl.values.hits}}

Net inflows to the Colombo stock market yesterday crossed the Rs. 23 billion mark, with the addition of Rs. 121.5 million on top of Rs. 450 million on Wednesday. Softlogic Stockbrokers said the benchmark index depicted intra-day volatility and ended on a positive note gaining 20 points at 5954.62. The main contributors for the gain in the index were John Keells Holdings (+1.68%), Carsons Cumberbatch (+4.56) and Dialog Axiata (+3.41%). The S&PSL20 too followed the same pattern and closed at 3284.26. Noting that crossings contributed 37% to the turnover, the broker said blue-chip players JKH and Chevron Lubricants Lanka recorded two crossings each. The former crossed a total of 393,000 shares at Rs. 223 and the latter added two blocks accumulating to 288,000 shares at Rs. 275. The Lion Brewery Ceylon also contributed to the crossings board through a single block of 100,000 shares at Rs. 360. People’s Leasing & Finance too crossed a single block of 2.5 million shares at a 52 week low price (off board) of Rs. 13.3. Followed by an impressive 68% increase in the quarterly earnings, Textured Jersey Lanka attracted notable on board investor interest and touched an intra-day high price of Rs. 16.1 before closing at a 52 week high price of Rs. 16.0 (+1.91%). Investor interest continued to surround Tokyo Cement Company with 920,000 shares changing hands. Softlogic Stockbrokers also said retail investors were active during the day, with buying interest notably in Touchwood Investments, Tokyo Cement, Environmental Resources Investments and Textured Jersey.

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