revtwt

Friday, December 9, 2011

Colombo Stock Indices closed slightly lower


e benchmark Colombo All Share Index (ASI) lost just 1.60 points to close at 6027.19 while Milanka Index fell 0.81 to close at 5248.97. Market turnover was very low at Rs 517.07 million.

82 stocks closed higher while 85 stocks closed lower than previous day’s closing prices. Market Heavy Weighted John Keells Holdings Plc was up by 1.50 to close at Rs 173.60 while Capital Development and Investment Company Plc (CDIC) closed at Rs 319.00, up 28.30. CTC closed 4.20 higher at Rs 449.20. Commercial Bank of Ceylon Plc (COMB) the largest private sector commercial bank in Sri Lanka lost one rupee to end the day at Rs 100.00. 214,600 COMB shares changed hands during the day. TFIL closed 20 cents lower at Rs 21.90.

Dunamis Capital Plc (CSEC) has announced a major fraud committed by a senior employee in a subsidiary estimated to Rs 105 million. CSEC lost 2.70 to close at Rs 15.00. First Capital Holdings Plc (CFVF) also made an announcement of estimated 160 million worth of fraud and closed 1.50 lower at Rs 15.50.

A former Member of Parliament Mr. Thilak Karunaratne was appointed as the chairman of the Securities and Exchange Commission (SEC). Hope he will be able to do his job without any interruption from other high profile individuals connected to the market.

No comments:

Post a Comment