Major transactions in Taprobane shares take CSE turnover past Rs. 4 billion mark

By Hiran H.Senewiratne

Several large transactions of Taprobane shares, totaling Rs 1.5 billion, pushed the turnover of the stock market past the Rs 4.billion mark yesterday. Taprobane Holdings, propositioned as Ambeon Capital, saw multiple shares changing hands for Rs 1.5 billion.

Amid those developments both indices moved upwards. The All Share Price Index went up by 61 points while S and P SL20 rose by 16.81 points. Turnover stood at Rs 4.1 billion with seven crossings.

Those crossings were as follows: Galadari Hotel 26.5 million shares crossed to the tune Rs 784 million; its shares traded at Rs 29.50, Sampath Bank 873,000 shares crossed for Rs 67.7 million; its shares traded at Rs 78, Lanka LOC 400,000 shares crossed for Rs 46.8 million; its shares traded at Rs 117, NDB 640,000 shares crossed for Rs 43.5 million; its shares traded at Rs 68, Alumex 2.8 million shares crossed to the tune of Rs 28 million and its shares sold at Rs 10, Hayley’s 590,000 shares traded at Rs 24.7 million and its shares traded at Rs 42 and Hamas Holdings 250,000 shares crossed to the tune of Rs 20.1 million and its shares traded at Rs 80.50.

In the retail market top five companies that mainly contributed to the turnover were; Ambeon Capital Rs 1.5 billion (280 million shares traded0, HNB Rs 153 million (870,000 shares traded), First Capital Holdings Rs 129 million (3.6 million shares traded), Capital Alliance Rs 124 million (2.2 million shares traded) and Sampath Bank Rs 117 million (1.5 million shares traded). During the day 363 million share volumes changed hand in 15000 transactions. Further, banking sector and primary dealer counters were active during the day because most of banks’ quarterly results were positive, market analysts said

Yesterday, the rupee opened at Rs 300.00/20 to the US dollar in the spot Forex market, stronger from Rs 300.40/50 on Thursday, dealers said, while bond yields were broadly steady. A bond maturing on 15.12.2026 was quoted stable at 11.30/40 percent. A bond maturing on 15.12.2028 was quoted stable at 12.10/20 percent.