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Bourse ends positive amidst large foreign to foreign deals in Combank

03 Jan 2013 - {{hitsCtrl.values.hits}}

The Colombo bourse ended positively on the first day of trading in 2013, with both indices ending in the green territory, amidst large deals in the country’s biggest private bank, Commercial Bank of Sri Lanka (ComBank).

The All Share Price Index gained 41 points to close at 5,683.79, up 0.72 percent, while S&P SL20 Index closed 5.55 points up (0.18) at 3,090.88.

“Strong gains were seen on modest volumes in the last hour of trading on the Colombo Stock Exchange (CSE) during the first day of trading in 2013,” a stockbroker said. The turnover for the day stood at Rs.1.67 billion, boosted by large share sales in Commercial Bank PLC.

According to brokers, the Janus Overseas Fund was selling ComBank shares to another foreign party.

“Janus has been selling ComBank shares in the recent past,” a stockbroker told Mirror Business.

Asia Wealth Research said that the bulk of the day’s turnover and volumes was accounted for by Commercial Bank, with foreign investor participation, which witnessed four crossings totaling to approximately 13.5 million shares changing hands at a price of Rs.103.50.

Commercial Bank contributed Rs.1.42 billion to yesterday’s turnover. Foreign purchases amounted to Rs.1.42 billion, while foreign sales amounted to Rs.1.44 billion.

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Bourse ends positive amidst large foreign to foreign deals in Combank

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