DFCC & LOLC pushed CSE Indices higher.
Today’s market was boosted by gains in DFCC and LOLC. DFCC closed at Rs 325.60, up 29.60 while LOLC cosed 71.30 higher at Rs 784.70. The benchmark Colombo All Share Index (ASI) cosed 18.88 points higher at 5582.87. Milanka index closed at 5876.38, up 15.73 points. Today’s total equity turnover amounted to 1.90 billion rupees.
Rarely traded J.L.Morison Sons and Jones (Ceylon) Plc was up by 135.20 to close at Rs 1561.70 while another illiquid stock E B Creasy and Co Plc gained seventy rupees to end the day at Rs 970.00. Ceylon Brewery Plc the country’s largest bear producer was up by twenty seven rupees to close at Rs 302.00 but on mere 100 shares. Ceylinco Insurance plc closed 17.60 higher at Rs 323.10.
Environmental Resources Investments Plc (GREG) lost 7.60 to close at Rs 95.80 while Ceylon Leather Products Plc closed at Rs 233.60, down 22.90. Aitken Spence Plc was down by 76.60 to close at Rs 2629.40. Dialog lost 10 cents to close at Rs 10.00.
There were 96 gainers & 96 losers for the day.
From tomorrow investors will have another new stock to trade. PC House Ltd (PCH) the newest entrant to CSE will commence trading on 26th August 2010. PC House shares will be listed on the main board of the Colombo Stock Exchange and will be classified under information technology sector. The assigned security code is PCH-N-0000.
PC House issued 57,233,334 shares at Rs 11/- per share in early this month to the general public & it was oversubscribed on the opening day. There is a possibility of touching Rs 20/- when PC House starts trading tomorrow. PCH has already announced strong results for the period ended 31st July 2010.
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