25th August 2009, www.news.lk
The Colombo Stock Market continued its positive momentum with the market indices recording gains for the second consecutive day due to high investor interest in selected blue chip stocks and mid cap stocks.
The All Share Price Index (ASPI) gained 16.98 points or 0.67% to close the day at 2,547.44 points while the Milanka Price Index was up by 22.91 points or 0.80% to close the day at 2,891.86 points.
The turnover for the day was Rs.540.40 million compared with Rs.627.00 million recorded on the previous day.
Heavily traded stocks for the day, in terms of volume were Lanka Cement, Seylan Bank (Non Voting), Nations Trust Bank, Nawaloka Hospitals, Piramal Glass Ceylon, Environmental Resources Investments (Share Warrants), John Keells Holdings and Dialog Telekom.
The highest contributor to the market turnover was John Keells Holdings (JKH) contributing Rs.110.98 million. The JKH share gained Rs.0.25 or 0.19% to close the day at Rs.135.00, while trading at a high of Rs.136.00 and a low of Rs.135.00.
Lanka Cement continued to attract investor interest with over one million shares trading between Rs.32.00 and Rs.34.75 gaining Rs.0.50 or 1.54% to close the day at Rs.33.00.
Retail trading was seen in Coco Lanka with over three hundred thousand shares trading between Rs.29.00 and Rs.30.50 gaining Rs.1.00 or 3.45% to close the day at Rs.30.00.
Index heavyweight Sri Lanka Telecom lost Rs.0.50 or 1.18% to close the day at Rs.41.75 while Dialog Telekom closed flat at Rs.5.25.
In the hotels sector, Taj Lanka Hotels gained the most with an increase of Rs.2.00 or 10.00% to close the day at Rs.22.00 while Tangerine Beach Hotels was up by Rs.3.00 or 5.36% to close the day at Rs.59.00. Asian Hotels and Properties was up by Rs.2.50 or 4.17% to close the day at Rs.62.50. Galadari Hotels gained Rs.0.50 or 3.64% to close the day at Rs.14.25.
Among the banking shares to attract investor interest during the day were Nations Trust Bank, Seylan Bank (Non Voting) and Sampath Bank. Nations Trust Bank recorded a turnover of Rs.31.57 million with a negotiated deal (Crossing). However, the share closed flat at Rs.30.50.
Seylan Bank (Non Voting) gained Rs.0.50 or 6.90% to close the day at Rs.7.75 with 1,079,600 shares traded. Sampath Bank lost Rs.1.25 or 0.92% to close the day at Rs.135.00.
The top gainers for the day were M T D Walkers up by Rs.8.25 or 11.62% to close at Rs.79.25, Asia Capital up by Rs.0.75 or 11.54% to close at Rs.7.25, Tess Agro up by Rs.0.10 or 11.11% to close at Rs.1.00 and Vidullanka up by Rs.2.50 or 10.00% to close at Rs.27.50.
The top losers for the day were Beruwela Walk Inn down by Rs.7.75 or 11.92% to close at Rs.57.25, Hotel Sigiriya down by Rs.3.00 or 4.62% to close at Rs.62.00, Asiri Hospitals down by Rs.2.75 or 4.04% to close at Rs.65.25 and Amaya Leisure down by Rs.1.25 or 3.18% to close at Rs.38.00.