27th August 2009, www.news.lk
On Thursday, the benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange climbed more than 1% to its highest level since May 2008 due to high investor interest in blue chip stocks and hotel stocks. The ASPI which tracks the movements of all stocks gained 35.00 points or 1.37% to close the day at 2,588.04 points while the Milanka Price Index which tracks the most liquid stocks was up by 30.93 points or 1.07% to close the day at 2,935.15 points.
The market turnover for the day was Rs.1,146.56 million, the highest daily market turnover since 19 June 2009.
Your browser may not support display of this image.Heavily traded stocks for the day, in terms of volume were Hotel Services, Nawaloka Hospitals, Hotel Reefcomber, Dialog Telekom, John Keells Holdings, Seylan Bank (Non Voting), Tokyo Cement (Non Voting), John Keells Hotels, Janashakthi Insurance and Stafford Hotels.
The highest contributor to the market turnover was John Keells Holdings (JKH) contributing Rs.224.69 million with six negotiated deals (crossings). The JKH share gained Rs.0.75 or 0.55% to close the day at Rs.136.00, while trading at a high of Rs.136.75 and a low of Rs.135.00.
The second highest contributor to the market turnover was Hotel Services contributing Rs.126.96 million with three negotiated deals (crossings). The share gained Rs.2.25 or 12.33% to close the day at Rs.20.50, while trading at a high of Rs.21.00 and a low of Rs.18.50.
Index heavyweight Sri Lanka Telecom gained Rs.0.75 or 1.80% to close the day at Rs.42.50 after international credit rating agency Standard & Poor's revised its outlook on the corporate credit ratings on Sri Lanka Telecom to stable from negative.
Top mobile phone operator by market share Dialog Telekom was up by Rs.0.25 or 4.76% to close the day at Rs.5.50 with over two million shares traded.
In the hotels sector, Amaya Leisure gained the most with an increase of 13.73% or Rs.5.25 to close the day at Rs.43.50 while Tangerine Beach Hotels was up by 12.45% or Rs.7.50 to close the day at Rs.67.75. Heavy retail trading was seen in Stafford Hotels with 865,800 shares trading between Rs.23.75 and Rs.26.00 gaining Rs.2.75 or 11.96% to close the day at Rs.25.75. John Keells Hotels gained Rs.1.00 or 7.69% to close the day at Rs.14.00 with 934,000 shares traded.
In the banking sector, Commercial Bank gained Rs.3.25 or 2.21% to close the day at Rs.150.25 with 558,300 shares traded. Pan Asia Bank gained Rs.0.50 or 3.64% to close the day at Rs.14.25 with 740,100 shares traded. National Development Bank closed flat at Rs.166.00.
The top gainers for the day were Environmental Resources Investments (Share Warrants w0001) up by Rs.2.50 or 15.15% to close at Rs.19.00, Amaya Leisure up by Rs.5.25 or 13.73% to close at Rs.43.50, M T D Walkers up by Rs.10.50 or 13.68% to close at Rs.87.25 and Tangerine Beach Hotels up by Rs.7.50 or 12.45% to close at Rs.67.75.
The top losers for the day were Sierra Cables down by Rs.0.10 or 5.88% to close at Rs.1.60, Nestle Lanka down by Rs.25.00 or 5.75% to close at Rs.410.00, Ceylon Tobacco Company down by Rs.7.75 or 4.23% to close at Rs.175.50 and Asia Capital down by Rs.0.25 or 3.45% to close at Rs.7.00.