CSE activity up

Activity at the Colombo Stock Exchange got a boost from three million shares of John Keells Holdings which crossed at Rs. 141.25 boosting turnover to over Rs. 671 million for the day. JKH ended Tuesday down 75 cents at Rs. 141.25.

The indices dipped with the ASPI coming down by 13 points (-0.4 percent) to close at 2,964 while the more liquid MPI closed down 11 points (-0.3 percent) to close at 3,323. Retail activity was also seen in Seylan Bank non voting shares which closed down 25 cents to Rs. 17.50 on turnover of Rs. 17 million.

Haycarb closed up Rs. 4.75 to Rs. 104.00 on turnover of Rs. 11 million.

Sri Lanka Telecom closed the day at Rs. 44.00, up 75 cents, while Dialog Telekom closed at Rs. 7.25, up 25 cents. Of the large banks, Commercial Bank voting shares closed down Rs. 2.75 to Rs. 173.50 and Hatton National Bank closed at Rs. 163.00, down 75 cents. National Asset Management, the fund management company issued a statement valuing the NAMAL-Acuity Value Fund at Rs. 49.70. The NAVF Unit closed the day at Rs 47.75.

Asian markets were mostly down with India’s Bombay Sensex down almost three percent while Hong Kong’s Hang Seng Index was down 1.8 percent. Singapore’s Straits Times Index was down 0.9 percent while China’s CSI index up 1.3 percent. The Japanese markets were closed for holidays.

Source: First Guardian Equities