Browns Investments contributes more than 60 per cent to CSE turnover which hits Rs. 5.84 billion

By Hiran H.Senewiratne 

Yesterday, CSE activities were positive and a few stocks, including Tokyo Cement, Royal Ceramic, Swisstek and Browns Investments witnessed considerable gains. Browns Investments contributed more than 60 percent to the turnover with its crossing and retail trading activities, stock market analysts said. CSE turnover stood at Rs. 5.84 billion.

It is said that Tokyo Cement’s  voting and non voting shares appreciated. Its voting shares moved up to Rs. 77.90 from Rs. 75.30, which was a Rs. 2.60 or 3,5 percent appreciation. Melstacorp shares moved up to Rs. 53.10 from Rs. 51.10. It was a Rs2 or four percent increase, Royal Ceramic shares moved up to Rs. 174 from Rs. 165.60, which was a Rs. 8.40 or five percent increase and Swisstek shares moved up to Rs. 101.50 from Rs. 91.60, which was a Rs. 9.90 or 11 percent increase.

 Amid those developments both indices moved upwards. All Share Price Index was up by 12.21 points and S and P SL20 up by 4.42 points. A single crossing was reported in Browns Investments, which crossed 740 million shares to the tune of Rs. 2.90 billion and its shares traded at Rs. 4.

In the retail market, top five companies that mainly contributed to the turnover were; Browns Investments Rs. 541 million (137 million shares traded), Expolanka Rs. 376 million (13.4 million shares traded), Tokyo Cement (Non Voting) Rs. 287 million (4.2 million shares traded), Tokyo Cement (Voting) Rs. 191 million (2.5 million shares traded) and JKH Rs. 182 million (1.2 million shares traded). During the day 939 million share volumes changed hands in 21811 transactions. 

Sri Lanka rupee was quoted weaker at 189.50/190.50 to the US dollar on Tuesday in the spot-next market while gilt yields remained unchanged in dull market trade, dealers said. The rupee was quoted at 188.80/10 to the US dollar on Monday against the US dollar.