HNB Assurance stocks get buoyant

By Hiran H.Senewiratne

HNB Assurance stock price appreciated by eight percent yesterday due to the positive quarterly results of several insurance companies, especially of Union Assurance. HNB Assurance per share price started trading at Rs 93.10 and at the end of the day it moved up by 8 percent of Rs 93.10 to Rs 100.90, stock market analysts said.

Apart from that both indices moved up ie All Share Price Index by 11.36 points and S and P SL20 by 12.02 pints. Since, the rupee hit a fresh low of 158.00 per U.S. dollar on Monday on importer demand for the U.S. currency. But investor-confidence moved up due to the Chinese loan disbursement of Rs US $ one billion for the development of Central Express Way, which enables to stabilise the rupee against the US dollar.

Amid these developments day's turnover stood at Rs 325.4 million with a one crossing. That crossing came from Hemas Holdings, which crossed 230,000 shares to the tune of Rs 28.8 million and per share value Rs 125.

 In the retail market, companies that mainly contributed to day's turnover were  Sampath Bank Rs 66.5 million (223,000 shares traded), HNB Assurance Rs 34.7 million (349,000 shares traded) and Lion Brewery Rs 32 million (59000 shares traded). During the day 22.6 million share volumes changed hands in 3571 transactions. 

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