Stock indices up; turnover Rs. 2 billion

By Hiran H.Senewiratne 

The stock market was slower yesterday than on the previous day and  profit taking took place  due to the up coming holidays. On account of lower interest rates, more local buying was visible sparked by bargain hunting and  also significant foreign selling, stock market analysts said.

The All Share Price Index was up by 15.09 points and S and P SL20 up by 2.01 points. The day's turnover stood at Rs. 2 billion with three crossings. Those crossings were reported from, JKH which crossed two million shares to the tune of Rs. 206.2 million,; its share trading at Rs. 103.10, HNB 250,000 shares crossed for Rs. 26.75 million, its per share value being Rs. 17 and Sampath Bank 166,680 shares crossed for Rs. 20.80 million; its per share traded at Rs. 125.

In the retail market, companies that mainly contributed to the day's turnover were HNB Rs. 624.8 million (5.7 million shares traded), Commercial Bank Rs. 307.3 million (4.4 million shares traded), JKH Rs. 195.7 million (1.86 million shares traded), Sampath Bank Rs. 143.1 million (1.16 shares traded) and NTB Rs. 112.3 million (two million shares traded). During the day 94.7 million share volumes changed hands in 12478 transactions.

The CSE is particularly encouraged by the interest of local investors since recommencing trading operations. They have demonstrated an appetite for the attractive valuations in the market. The Sri Lankan stock market continues to be one of the attractive markets in the region in terms of valuations, analysts said.

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