CSE turnover hits Rs 1 bn mark, aided by interest in blue chips

The stocks of mainly blue-chips companies moved up yesterday, because some interest had developed among many institutional investors in the stock market, bringing the total turnover at the CSE to a satisfactory Rs 1.1 billion.

Due to these developments, the All Share Price Index went up by 34.64 points and S and P SL20 by 43.72 points. The total shares traded during the day were 19.6 million, with one crossing of Lanka Hospitals Plc. In that crossing/ arranged transaction, 800,000 shares crossed to the tune of Rs 5.5 million.

The main contributors to the day's turnover were; JKH Rs 87.9 million for 6.2 million shares, Lanka Hospitals Plc Rs 23.7 million, trading 370,000 and Melsta Corp traded 290,000 shares for Rs 18.7 million.Yields on treasury bill auctions rose 9-19 basis points at a weekly auction on Tuesday to a four-month high, rising for the second straight session after the Central Bank Governor signalled reduced intervention to defend the currency.

Meanwhile, JKSB adds:

ASPI: 6,184.54 (+31.95pts; +0.52%); Val T/O: Rs.1.12bn (US$7.47mn); Vol T/O: 19.6mn; Trades: 3,259

Advance/decline ratio: 118/60; Top gainer: CPRT.N (+16.73%); Top loser: OSEA.R (-50.00%)


• The ASPI recorded gains amid healthy turnover levels helped by active trading witnessed in JKH. The diversified, healthcare, banking, finance and manufacturing sectors saw market activity with a crossing witnessed in LHCL.

• Diversified Holdings was the most actively traded sector (+1.22%)

• Information Technology was the best performing sector (+2.76%), supported by gains on ECL (+2.86%)

• Motors was the worst performing sector (-1.09%), dragged down by declines in DIMO (-3.67%) - (HS)

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