Wednesday, October 21, 2009

Unusual day for CSE

Today(21st-Oct,2009) market showed a unusual behavior.
From last two day market was dropped.

At the start of the day All-Price-index was around 2990.00
and around at 11.10am it drops to around 2850.00.
But then aftr market start recovering and from around 30 minitues
All-Price-index came to 3000.00 point.

see graphs...

The indices at the Colombo Stock Exchange rebounded strongly with the ASPI closing up 35 points (+1.2 percent) to close at 3,019. The key broader index of all shares was down close to 122 points in early morning trade but bounced back as buying came back into the large cap companies.

The more sensitive MPI index was up by 64 points (+1.9 percent to close at 3,391. Turnover for the day was Rs 951 million with John Keells Holdings contributing Rs 104 million to turnover. The diversified conglomerate’s share swung between Rs 135.50 and Rs 144.50, but closed at Rs 140.25. On Tuesday the share closed at Rs 140.00.

Seylan Bank non voting shares closed at Rs 17.25 on turnover of Rs 60 million, while Brown and Company closed at Rs 80.50 on turnover of Rs 49 million. Brown’s dropped to a day low in morning’s trade to Rs 70.50, while Seylan Bank non voting dropped to a low of Rs 15.50. The two telecom operators also witnessed much volatility with Dialog dropping to a low of Rs 6.75 and reaching a high of Rs 7.50, before finally closing at Rs 7.25. Sri Lanka Telecom closed at Rs 45.00 which was its peak price for the day after a low of Rs 41.50

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