Colombo bourse closes in the green

The Colombo Stock Exchange closed in a positive note on a volatile day of trading on Monday (8) dominated by retail investors. Brokers said sentiments were buoyed by expectations that the Securities and Exchange Commission would relax credit rules later this week.

The All Share Price Index gained 0.82 percent to close 55.68 points higher at 6,806.97 while the Milanka Price Index of more liquid stocks closed 0.74 percent higher, gaining 45.78 points to settle at 6,198.01.

"Retail investors were more active during the day’s trading session and the poultry sector counters gained investor attention," Bartleet Mallory Stockbrokers said.

"The indices ended on a positive note after a day of sharp volatility. Turnover improved and was driven by trades on manufacturing, finance and diversified counters," John Keells Stockbrokers said.

Turnover reached 1.77 billion on 73.3 million shares changing hands during the day which saw 147 counters close in the green against 64 that closed in the red.

Ceylon Grain Elevators PLC made the highest contribution to the day’s turnover with Rs. 380.8 million followed by Bairaha Farms PLC with Rs. 68.9 million.

Capital Development and Investment Company PLC was the highest gainer, up 22.11 percent to close at Rs. 457.3 while Citizens Development Business Finance PLC was the biggest loser, down 76.69 percent to close at Rs. 5.50.

Softlogic Holdings PLC featured in a crossing of one million shares at Rs. 23 each while DFCC Bank was in a crossing involving 200 thousand shares at Rs. 135 each.

source - www.island.lk

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