CSE notches Rs. 3.5 billion turnover, early setbacks notwithstanding

By Steve A. Morrell
 
After early setbacks caused by Browns Investments,the share market picked up. Day end build up resulted in a healthy turnover of Rs.3.5 billion yesterday.
 
 Bartleets Stock Brokers reported such build up was recorded by Hayleys, Dipped Products and Valibel One, which buoyed the market.
 
 They explained Browns Investments, although trailing at Rs 6 . 50 per share with a further drop of /30 cents per share, could have caused some panic as the market progressed; however stability was established resulting in the healthy turnover position.
 
 Hayley’s contribution was Rs. 469 million, with Dipped Products contributing Rs. 266 million. The day ended with Browns Investments contributing Rs.534 million.
 
 KCL too was a major contributor to the turnover, at Rs.250. million.
 
 Meanwhile, JKSB said in a market summary:
 
 ASPI: 7,600.57 (-43.81 pts; -0.57%); Val T/O: Rs.3.6bn (US$17.6mn); Vol T/O: 142.8mn; Trades: 25,369 Advance/decline ratio: 100/112; Top gainer: ASPH.N (+25.00%) ; Top loser: ASCO.N (-6.68%)
 
 Highlights:
 
 *The ASPI ended lower amid healthy turnover levels. BIL, HAYL and LOLC led market activity with crossings seen in JKH. Trading in BIL amounted to 15% of total turnover.
 
 *Capital Goods was the most actively traded sector (+0.35%)
 
 *Consumer Durables & Apparel was the best performing sector (+0.78%), supported by gains on MGT.N (+1.20%)
 
 *Diversified Financials was the worst performing sector (-1.56%), dragged down by declines on LOLC.N (-2.73%)