Indices point in opposite directions

6:48 PM // 0 comments // Lonely // Category: News The Colombo bourse closed yesterday with the indices pointing in opposite directions though marginally so – the All Share down 17.68 points (0.24%) while the Milanka was up 9.95 points (0.14%) on a turnover of Rs.1.3 million, down from the previous day’s Rs.1.9 billion, with 118 decliners ahead of 75 gainers.


"The market was quiet with a number of illiquid stock actively traded," Prashan Fernando of Acuity Stockbrokers said.

Grain Elevators, Dimo and Dialog were the main business generators with Grains closing Rs.1.80 down at Rs.163 on 0.6 million shares traded between Rs.160 and Rs.170 generating the day’s top turnover of Rs.100.2 million.

Dimo followed closing Rs.2.20 up at Rs.1, 710 on 53,800 shares traded between Rs.1,699.90 and Rs.1,712 generating Rs.91.5 million turnover. One crossing of 50,000 shares at Rs. 1,700 was among the trades, brokers said.

Dialog moved up 20 cents to close at Rs.10.30 on over 8 million shares traded between Rs.10.20 and Rs.11.Brokers said that two parcels of slightly over 2 million shares each were crossed at a price of Rs.10.20.

Among the blue chips, JKH closed flat at Rs.295 on 0.2 million shares traded, Guardian was up 10 cents to Rs.392 on 109,100 shares including a crossing of 100,000 at Rs.392 and John Keells (not JKH) closed Rs.15.80 up at Rs.220 on over 0.1 million shares done between Rs.207 and Rs.249.90.

Ceylon Theatres was up 80 cents to Rs.210 on 0.1 million shares.

Printcare announced a sub-division of each existing share into five increasing the number of shares in issue from approximately 17.2 million to approximately 86 million.

The company also announced a final dividend of Rs.2.50 per share for 2010/11 XD from May 3 and with payment on May 12.

Tea Stallholders announced a first and final dividend of Rs.5 per share for 2010/11 XD from May 3 and payment on May 12.


source - www.island.lk