Bukit Darah and Carsons contribute 38 points to ASPI

By Hiran H.Senewiratne 

The CSE yesterday saw its main indices rebound on improved turnover. Both indices moved upwards accordingly. The All Share Price Index was up by 63.3 points and S and P SL20 up by 5.74 points. 

Bukit Darah and Carsons Cumberbatch contributed more than 38 points to the All Share Price Index.   Bukit Darah shares started trading at  Rs. 250.20 but at the end of the day a share moved up to Rs. 312.50. This was more than a 25 percent or 62.30 increase  in price while Carsons Cumberbatch started trading in the morning with a value of  Rs. 210 per share and at the end of the day it moved up to Rs. 262, which was a  Rs. 52 or 25 percent increase in its share price. 

Turnover stood at Rs. 2.42 billion with two crossings. Those crossings were reported in JKH, which crossed Rs. 1.8 million shares to the tune Rs. 244.8 million; its share price was reported to be Rs. 136 and Hemas Holdings five million shares crossed for Rs. 357.8 million; its share price settling at Rs. 72.

In the retail market, top five companies that mainly contributed to the turnover were; Expolanka Rs. 243.8 million (22.1 million shares traded), Hemas Holdings Rs. 141.3 million (two million shares traded), Industrial Asphalts  Rs.  94.1 million (314 million shares traded), Lanka IOC Rs. 76.2 million (2.9 million shares traded) and CT Holdings Rs. 57.2 million (369,000 shares traded). During the day 454 million share volumes changed hands in 21579 transactions. 454 million share volumes changed hands in 21579 transactions.  

High net worth and institutional investor participation was noted in Expolanka Holdings and Commercial Bank. Mixed interest was observed in Hatton National Bank, IOC, Melstacorp and Sierra Cables. Furthermore, foreigners closed as net sellers mainly due to foreign selling in Commercial Bank and Alumex while retail interest was noted in many sectors.