Colombo shares closed higher on Tuesday with the turnover boosted by large trades in Carsons group, analysts said.
The closed at 7,574.86, up 1.62% (120.64 points) while the more liquid Milanka index was up 0.60% (42.38 points) to close at 7,064.25. There was also a crossing of 1.4 million shares of Carson Cumberbatch at Rs. 662 a share, adding some Rs. 943 million to Rs. 4.5 billion turnover.(DEC)
Positive mood prevailed in the Colombo bourse at the start of a two day trading week on Monday on account of the Avurudu (National New year ) holidays with analysts saying that mid caps ruled the roost.
All Share climbed by 40.4 points (+0.54%) to close at 7,454.22 while liquid Milanka witnessed a marginal gain of 0.65 points (+0.01%) to close at 7,021.87.
Analysts said that daily market turnover was low at Rs.1.5 billion.
(CB) emerged as the top contributor to the turnover (Rs.277.4million) followed by Browns & Company Plc (Rs.150.8million) and Lion Brewery Ceylon Plc (Rs.104.2million). CB recorded an off-the-floor deal of 1mn shares at a price of Rs.275.
Meanwhile high levels of activity were seen in stocks such as PC House Plc, Colombo Fort Land & Building Plc and Union Bank Plc. (DEC)
Activity levels in the Colombo market remained moderate on Friday with the bourse gaining over 50 points, analysts said.
The Colombo Stock Exchange (CSE) has declared Friday, April 15 as a holiday in the wake of a government declaration that April 15 will be a public and bank holiday owing to the Sinhala and Hindu New Year festivities, it was announced on Thursday.
The private sector however is yet to follow the government move though - following past practice - companies are also expected to declare a holiday on this day. Trading thus at the CSE next week will be only on Monday and Tuesday. -ENDS-
Colombo shares on Thursday when retailers showed interest on interest in the banking and finance sector, analysts said.
Lanken Developments, Tokyo Cement non-voting shares, Central Finance, Union Bank , etc saw interest. The All Share Price Index closed at 7,378.73, up 0.26 percent (18.83 points) while the more liquid Milanka index rose 0.18 percent (12.90 points) to close at 7,009.33 on a Rs .2.1 1.65 billion turnover. (DEC)
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