Sri Lanka Share market recovered from yesterday’s losses with the announcement of better earnings from JKH.

Sri Lanka Share market recovered from yesterday’s losses with the announcement of better earnings from JKH.

Stock Market summary -Tuesday 1st June 2010.
John Keells Holdings Plc (JKH) group has announced Rs 5.55 billion profit (after tax & minority interest) for the financial year ended 31st March 2010, up from Rs 4.96 billion last year. Investor sentiment was accelerated by the announcement of tax cut on vehicle imports. JKH was closed at Rs 186.00, up 2.25 while United Motors gained 30.25 or 28.67% to close at Rs 135.75.00.
Colombo All Share price index closed at 4258.80, up 21.64 while more liquid Milanka index closed 20.98 points higher at 4778.38. Today’s equity turnover amounted to Rs 1.18 billion.
Diesel & Motor Engineering Plc was up by massive Rs 105.00 to end the day at Rs 550.75. Abans Electrical Plc which is an electronic consumer goods importer gained 9.50 to close at 194.50. Sathosa Motors Plc the Isuzu vehicle importer also up by 15.50 to close at Rs 152.50.
There were 77 gainers & 63 losers for the day. Confifi Hotel Holdings & Renuka City Hotel Plc was among the major losers for the day. Confifi Hotel lost 25.50 to close at Rs 220.50 while Renuka City Hotel Plc was dipped by Rs 18.75 to close at Rs 235.00.
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Labels: CSE Daily Stock Market Report